Azerbaijan State Oil Company (SOCAR) is set to increase its involvement in Israel's energy industry. SOCAR, along with British Petroleum and NewMed Energy, will sign a work plan with Israel's Energy and Infrastructure Ministry to search for gas in Block I in Israel's economic waters. This move comes after SOCAR's acquisition of a 10% stake in the Tamar gas field earlier this year. The expansion of SOCAR's activities in the region has significant geopolitical implications, particularly in relation to Turkey and Iran. There is also potential for regional cooperation and the establishment of gas pipelines connecting multiple countries.