These fuels have helped to drive and grow Azerbaijan's post-Soviet economy. The Caspian Sea, also referred to as the world's "biggest lake," is home to one of the most unusual oil rigs ever seen.

Azerbaijan State Oil Company (SOCAR) has agreed to buy a 10% stake in Israeli offshore gas field Tamar from Aaron Frenkel, a source close to the matter has told "Globes." This represents over half ...

Making his name in the petroleum-rich fields of Azerbaijan and working his way up from an oil rig worker, Russia's richest man has now amassed a fortune 10 times larger than Richard Branson.

A 'ghost' island that suddenly appeared in the Caspian Sea in early 2023 is playing a centuries-long game of peekaboo with scientists, and it's about to vanish once again – if it hasn't already ...

An Azerbaijani company buying stake in Israeli offshore gas field Tamar is a part of President Trump's policy of ...