[Global Witness] The State Oil Company of Azerbaijan (SOCAR) struck a slew of deals potentially worth more than $8 billion in the year that Baku is hosting COP29 climate talks, new analysis shows The 25 deals SOCAR signed with foreign firms since Azerbaijan was announced as COP29 host are worth close to three times more than contracts sealed in the preceding 12 months (worth $3 billion) and will involve the production and delivery of billions of barrels of oil and gas.