The strategic significance of the SOCAR–IP acquisition for Italy and the new European energy order
The announcement made on 23 September 2025 regarding the purchase of Italian Petroli (IP) by Azerbaijan’s state oil company SOCAR signifies more than merely a corporate deal. It illustrates the transformation of the Italian and European energy sectors. Two years after the rupture with Russian hydrocarbons, the continent’s energy map is redrawn through diversification, new…
