Story perspectives

Jaishankar-Baku Talks Yield Energy, Security, Transport Deals

By Drooid · Oct 25, 2026, 4:19 PM UTC · How we work

Summary

Story summary

Indian External Affairs Minister S. Jaishankar visited Baku for a bilateral meeting on 23 October 2026.
The talks produced an agreement to expand energy trade.
The talks produced an agreement to coordinate the International North-South Transport Corridor.
The talks produced an agreement to cooperate on security and counter-terrorism.
Bilateral trade reached $401 million in 2025, with Indian exports $226 million and imports $175 million, mainly crude oil.

History

Historical Context

After the Soviet Union collapsed, Azerbaijan, Georgia and Turkey signed a 1993 agreement to bypass Russia, leading to the Ankara Declaration in 1998 and the BTC pipeline’s inauguration in May 2006, delivering 50 million tons per year from the Caspian to the Mediterranean. On 1 July 2026 SOCAR assumed operatorship, and India’s foreign minister S. Jaishankar is now negotiating expanded crude trade and corridor links.

1 of 2

Story summary

Indian External Affairs Minister S. Jaishankar visited Baku for a bilateral meeting on 23 October 2026.
The talks produced an agreement to expand energy trade.
The talks produced an agreement to coordinate the International North-South Transport Corridor.
The talks produced an agreement to cooperate on security and counter-terrorism.
Bilateral trade reached $401 million in 2025, with Indian exports $226 million and imports $175 million, mainly crude oil.

1 / 2