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Strategic alliance with economic impact: What Azerbaijan-Israel Forum really means

11 1
28.01.2026

Few bilateral relationships in today’s geopolitically fractured landscape are as quietly effective as that between Azerbaijan and Israel. Built on mutual trust, strategic alignment and pragmatic cooperation, the partnership has evolved well beyond diplomacy into a model of how political confidence can translate into economic dynamism. The recent meeting between Azerbaijan’s Minister of Economy, Mikayil Jabbarov, and Israel’s Foreign Minister, Gideon Sa’ar, followed by the Azerbaijan–Israel Business Forum, offered a timely illustration of how this relationship is entering a more mature, investment-driven phase.

The discussions in Baku, reinforced by the presidents’ meeting on the margins of the World Economic Forum in Davos, underline a simple reality: Azerbaijan and Israel no longer view each other merely as partners of convenience, but as long-term economic allies. The Business Forum, which gathered companies and institutions across sectors ranging from agriculture and pharmaceuticals to cybersecurity, logistics and water management, was not a ceremonial exercise. It was a practical step towards deepening a partnership that is already delivering tangible results.

Looking from this perspective, Israel’s contribution to Azerbaijan’s economic modernisation is often understated. For example, Azerbaijan's oil exports to Israel to date and SOCAR's recent participation in the TAMAR project in the Eastern Mediterranean can be noted as one of Azerbaijan's important successes. Here, Azeraijan’s growing export volumes of oil in 2024 are significant. Looking through the figures for January–September 2024, it shows that Azerbaijan exported 2.37 million tons of crude oil to Israel. The value of these exports was over $1.46 billion, and this represented about 13.5 % of Azerbaijan’s total crude exports in the period. Besides, Azerbaijan’s ınvestment in Israel’s Tamar gas field, which........

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