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Azerbaijan plans to boost oil and gas production as it hosts COP29

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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC) has commenced in Baku, Azerbaijan’s capital. As the host nation, Azerbaijan is also looking to expand its fossil fuel production, positioning itself at the intersection of climate policy and energy expansion.

According to the Financial Times, Azerbaijan’s state oil and gas company SOCAR (State Oil Company of Azerbaijan Republic) is set to increase production of new fossil fuel sources during the COP29 summit. The summit, a key gathering on global climate change, underscores a paradox for Azerbaijan: pledging climate action while pursuing expanded oil and gas output.

A report by campaign group Global Witness, which analyzed data from independent consultancy Rystad Energy, estimates that 44% of SOCAR’s production will be new oil and gas by 2050—the second-highest proportion among national oil companies globally. This report examined production projections based on both developed and undeveloped fields as well as undiscovered fossil fuel reserves.

According to the International Energy Agency (IEA), new long-term oil and gas projects conflict with the goal of limiting the average global temperature rise to 1.5°C above pre-industrial levels—the target set by the Paris Agreement. This expansion aligns Azerbaijan with Europe’s aim to diversify energy sources, especially given the EU’s push to replace Russian gas following the Ukraine conflict.

Meanwhile, SOCAR has increased production in recent years as Europe seeks to replace Russian natural gas with resources from other nations, including Azerbaijan. This has drawn criticism, particularly as Azerbaijan—through Muhtar Babayev, COP29 President and Minister of Ecology and Natural Resources—continues to call for limiting global warming to 1.5°C.

At COP28 last year in Dubai, almost 200 nations committed to phasing out fossil fuels by mid-century. Nevertheless, Azerbaijan has signed multiple oil and gas deals since securing COP29 hosting rights, including SOCAR’s first international investment in upstream oil and gas—a $468 million stake in UAE gas projects.

“Azerbaijan is Europe’s strategic supplier of natural gas and is expanding capacity to meet European energy demands after the 2022 supply disruptions,” a COP29 spokesperson stated. Additionally, Azerbaijan is “expanding its renewable energy exports to serve the region and European markets,” he added. SOCAR did not respond to requests for comment.

Azerbaijan’s COP presidency has sparked criticism, echoing concerns raised during the UAE’s COP28 role. Richard Kinley, former executive secretary of the UN climate panel, expressed disappointment: “It is deeply disturbing that they can’t even seem to draw a ‘sanitary cordon’ around the COP presidency to prevent fossil fuel interests from undermining its purpose.”

Danish Climate Minister Lars Aagaard—attending COP29—remarked that Azerbaijan’s energy strategy also includes renewable energy initiatives, with Ørsted, a prominent wind energy company, present at the summit. However, European diplomats told the Financial Times that Azerbaijani officials have raised gas deal discussions alongside climate negotiations, mainly in relation to replacing Russian gas supplies transiting through Ukraine, with this contract ending soon.

According to Bloomberg, companies in Hungary and Slovakia are finalizing a deal with Azerbaijan to substitute gas from the Ukrainian pipeline. Energy analysts have cautioned that this agreement could mask continued Russian gas flows. Additionally, a recent report from Chatham House highlighted Azerbaijan’s strategy to secure long-term European gas supply agreements.

“By positioning itself at the heart of the multilateral climate process, the Azerbaijani government may seek to shape the global energy transition dialogue to ensure its oil and gas reserves remain profitable as long as possible,” the report suggests.

DIPLOMACY

Fidan and Rubio discuss Syria, Gaza, and defense in US meeting

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Minister of Foreign Affairs Hakan Fidan and his accompanying delegation began a two-day visit to the US.

During the visit, Fidan met with US Senator Marco Rubio. According to a statement attributed to US State Department Spokesperson Tammy Bruce, the two discussed cooperation on key issues in security and trade.

Rubio requested Turkey’s support for peace in Ukraine and the South Caucasus, while appreciating Ankara’s leadership in the “Global Coalition to Defeat ISIS.”

According to the spokesperson, the American senator reiterated the need for close cooperation to support a “stable, unified, and peaceful Syria,” stating they do not want Syria to be “either a base for international terrorism or a pathway for Iran’s destabilizing activities.”

Rubio also highlighted recent progress in bilateral trade and encouraged an even greater economic partnership moving forward.

Finally, the Senator expressed concerns regarding the recent arrest of Ekrem Imamoglu in Turkey and the subsequent protests.

Turkey has not made an official statement: AA reported based on ‘foreign ministry sources’

According to Turkish Foreign Ministry sources cited by AA, Fidan and Rubio emphasized the “importance of engaging with the Syrian government” during their meeting on Tuesday.

The sources stated, “Both sides emphasized the importance of engaging with the Syrian government and expressed their determination regarding the stabilization of Syria and the fight against terrorism.”

According to the sources speaking to AA, Fidan and Rubio discussed a range of regional and bilateral issues, including the need for a permanent ceasefire in Gaza, deemed essential for “regional peace.”

The sources also mentioned that the issues discussed in the phone call between President Recep Tayyip Erdogan and US President Donald Trump on March 16 were followed up on during the meeting.

The two sides also discussed preparations for upcoming presidential-level visits and expressed their determination to remove obstacles to defense cooperation.

The report added, “Both sides clearly expressed their political will to remove obstacles to cooperation in the defense industry. Technical meetings will be held to resolve existing issues.”

The two sides also discussed efforts to achieve a ceasefire between Russia and Ukraine, with Turkey expressing support for recent US efforts in this direction.

The talks also covered the ongoing peace process between Azerbaijan and Armenia and the importance of Bosnia and Herzegovina’s stability for the entire Balkan region.

Is Hamas on the table?

Meanwhile, Trump, during a White House meeting with a group of US Ambassadors confirmed by the Senate, referred to Turkey and Erdogan as a “good country, a good leader.”

The new US Ambassador to Ankara, Thomas Barack, was also present at the meeting. Barack, known as a close friend of Trump and a real estate magnate, thanked the President for appointing him to Turkey, “one of the ancient civilizations.”

In an article penned by Murat Yetkin in Yetkin Report, it is alleged that Trump might engage in bargaining over Hamas and Gaza in exchange for steps such as lifting CAATSA sanctions against Turkey.

Yetkin relays that CHP leader Ozgur Ozel, in a statement on March 18, referred to the Trump-Erdogan phone call, criticizing the lack of mention of Gaza and Israel, and accused Erdogan of “selling out the Palestinian cause for Trump.”

Recalling that Trump’s special representative Steve Witkoff told Tucker Carlson in an interview that they expect “good news” from Turkey, Yetkin underscores that Witkoff also stated elsewhere in the interview, “A terrorist organization cannot run Gaza; this is unacceptable for Israel. But their disarmament is possible. Then they can stay for a while longer and even get involved in politics.”

Yetkin asks, “Is Trump supporting Erdogan because of a plan to disarm the PKK and Hamas together?” while also noting that the Secretary of the PLO Executive Committee, Hussein al-Sheikh, met with Foreign Minister Fidan in Ankara on March 19, before Fidan flew to the US.

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DIPLOMACY

Agreement reached on Black Sea navigation safety between US, Russia, and Ukraine

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According to a statement from the White House, the US has reached an agreement with Ukraine and Russia to ensure navigational safety in the Black Sea.

It was stated that both sides agreed to refrain from using force and would not permit commercial vessels to be used for military purposes.

In return, the US will assist Russia’s return to the global market for agricultural products and fertilizer exports, reduce maritime transport insurance costs, and expand access to ports and payment systems for such operations.

Additionally, Washington has reached an agreement with Kyiv and Moscow to halt mutual attacks on energy facilities.

The White House stated, “The US will continue to facilitate negotiations to achieve a peaceful resolution between the two sides.”

Simultaneously, it insists on fulfilling US President Donald Trump’s demand to “stop the killings on both sides.”

Ukrainian Defense Minister Rustem Umerov confirmed the agreement but claimed that “Russia moving its warships outside the eastern part of the Black Sea would be considered a violation of the spirit of this agreement,” a breach of obligations to ensure freedom of navigation, and constitute “a threat to national security.”

Umerov asserted that in such a situation, Ukraine would “exercise its right to self-defense.”

Umerov also reported that the presidents of all parties agreed to implement agreements on a complete cessation of attacks on the energy infrastructure of Ukraine and Russia.

Furthermore, according to Umerov, the US confirmed it would assist with prisoner exchanges, the release of civilian detainees, and the return of forcibly displaced Ukrainian children.

A provision to this effect is also included in the White House statement.

“Effective implementation of the agreements will require additional technical consultations to coordinate all details, including ensuring monitoring and control of the agreement,” Umerov added.

Russia confirmed its agreement not to use force in the Black Sea amid the ongoing war with Ukraine.

However, Moscow insists on inspections to prevent the use of commercial vessels for military purposes.

The Kremlin also emphasized that compliance with the Black Sea ceasefire would begin after sanctions related to Russia’s food and fertilizer exports are lifted.

Specifically, this involves connecting the Russian Agricultural Bank (Rosselkhozbank) to the SWIFT system and opening necessary correspondent accounts.

Besides this, Moscow expects the removal of restrictions on food and fertilizer producers and exporters, and the elimination of obstacles for insurance companies working with such cargo.

Another point is the lifting of sanctions on Russian-flagged vessels used in the trade of these products and the removal of restrictions on their servicing in ports.

Finally, the Kremlin demanded the resumption of unobstructed supplies of agricultural machinery to Russia.

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DIPLOMACY

Athens postpones Mitsotakis-Erdoğan meeting after Imamoglu arrest

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The arrest of Istanbul Mayor Ekrem Imamoglu has shaken diplomatic relations between Türkiye and Greece, leading Athens to announce the postponement of a planned meeting between the leaders of the two countries.

Greek government spokesperson Pavlos Marinakis stated, “Given these developments, it is becoming difficult to organize the High-Level Cooperation Council between Greece and Türkiye immediately.”

The High-Level Council consists of a series of meetings aimed at improving relations through “soft politics,” as progress on contentious issues such as territorial disputes has stalled.

As Kathimerini recently reported, the meeting planned between Greek leader Kyriakos Mitsotakis and Recep Tayyip Erdoğan on April 8 was not yet finalized due to the political crisis in Türkiye, even though negotiations between Athens and Ankara had reached their final stage.

The spokesperson added, “We are monitoring the developments in Türkiye. The situation remains fluid and concerning. Our stance on Imamoglu has not changed. Concessions on the rule of law and political freedoms are unacceptable, and convincing answers are needed for any concessions made.”

Marinakis mentioned that the issue could be discussed by the foreign ministers of both countries at the NATO foreign ministers’ summit in Brussels in early April.

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