Azerbaijan's investments in Israel in H1 exceed $540 million due to Tamar project

Azerbaijan's investments in Israel in the first half of 2025, totaling $542.5 million, are linked to the development of the Tamar natural gas field in the Mediterranean Sea, Samir Nasirov, head of the Statistics Department at the Central Bank of Azerbaijan, said during a briefing.

According to Report, during the indicated period, the volume of Azerbaijan's direct foreign investments amounted to $1.35 billion.

As previously reported, on January 31 of this year, the State Oil Company of Azerbaijan (SOCAR) signed a contract with Union Energy to acquire a 10% stake in the Tamar project, one of the largest offshore gas fields in the Mediterranean.

The Tamar field, located off the coast of Israel, is a key supplier of natural gas in the region. It plays an important role in energy security and economic growth. The operator of the Tamar project is the US company Chevron.