SOCAR-BP Gas Deal: BP will take over as operator of Azerbaijan’s Babek offshore gas field, with SOCAR and BP set to announce the agreement on June 1; the project is estimated at ~400 bcm gas and 80 mln tonnes condensate. Oil Market Watch: Azeri Light slid on global oil weakness tied to demand concerns, adding pressure to regional energy revenues. Industrial Jobs in Karabakh: GP Safety LLC started work gloves production in Khankendi, investing 3.5 mln manat for 25 mln pairs/year capacity, with plans to expand exports to Europe. Textiles in Khojaly: “Garabagh Textile House” LLC opened in Khojaly using Turkish and Chinese equipment, targeting 1.4 mln home-textile items annually, hiring 85 now with training for more. Energy Corridor & Exports: Kazakhstan is evaluating the Baku–Supsa pipeline as an export option; Azerbaijan and Georgia agreed to restart operations in May 2026. Middle Corridor Digitalization: Azerbaijan is pushing a digital ecosystem for faster, more predictable customs and cargo tracking across the Middle Corridor. Baku Logistics Events: TransLogistica Caspian will return to Baku, spotlighting transport and logistics capacity building. Trade & Infrastructure Diplomacy: Azerbaijan–Netherlands Chamber of Commerce was officially established in The Hague to boost bilateral business, investment, and knowledge exchange.