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ExxonMobil–SOCAR agreement signals US economic anchoring in South Caucasus

23 1
09.08.2025

On August 7, President of the Republic of Azerbaijan Ilham Aliyev met with U.S. President’s Special Envoy Steve Witkoff in Washington. Prior to the meeting, a “Memorandum of Cooperation” was signed between the State Oil Company of the Republic of Azerbaijan (SOCAR) and ExxonMobil in the presence of President Ilham Aliyev and Special Envoy Steve Witkoff.

The document was signed by Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan, and John Ardill, Vice President of ExxonMobil. Following the signing ceremony, President Ilham Aliyev and the U.S. President’s Special Envoy held a bilateral meeting.

Economist Eldaniz Amirov shared his perspective on........

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