SOCAR has taken a significant step in its global expansion strategy by acquiring a 10% participating interest in the Baleine oil and gas field development project offshore Côte d’Ivoire. The agreement was signed with Italian energy giant Eni S.p.A., marking SOCAR’s official entry into Africa’s rapidly growing energy sector.
Italy’s government is set to support Eni CEO Claudio Descalzi for a new three-year term, sources said, potentially extending his tenure as the energy company’s longest-serving chief.
22 Jan 2026-10:45
14 Jan 2026-17:58
