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Azerbaijani firm SOCAR and BP granted licenses to explore natural gas off Israel's coast.
Azerbaijani company SOCAR, along with BP and Israeli firm NewMed Energy, has been granted licenses to explore for natural gas off Israel's northern Mediterranean coast.
The 1,700 square km area was awarded in October 2023, but the licenses were delayed due to regional conflicts.
This marks SOCAR's first international gas exploration effort and BP's entry into Israel's energy market.
The move aims to boost Israel's domestic gas supply and exports.
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La firma azerbaiyana SOCAR y BP otorgaron licencias para explorar el gas natural frente a las costas de Israel.