Hogan Lovells represents SOCAR in its acquisition of stake in Tamar gas field

Press releases | 04 July 2025

London 4 July 2025 - Global law firm Hogan Lovells has acted as lead legal counsel advising the State Oil Company of Azerbaijan Republic (SOCAR) on its acquisition of a 10% equity stake in the Tamar gas field, Israel.

The Tamar gas field, offshore Israel, is one of the largest and most strategically important gas fields in the Mediterranean basin. Operated by Chevron, it supplies a large portion of Israel’s domestic gas as well as exports to neighbouring countries. SOCAR’s acquisition of a 10% indirect interest in the project completed in June 2025.

The Hogan Lovells team was led by partners Ben Sulaiman (Head of Oil & Gas) and Alastair Young (M&A). The core team included partners Karen Hughes (Tax) and Hannah Logan (M&A); counsels Mark Nash (Projects), Aaron Burchell (Tax), Christopher Peacock (Competition); senior associates Andreas Demetriou (M&A), Ed Wallis (Projects), John Embleton (Competition) and Tom Edwards (Projects), and associates Kye Saich (Tax) and Zuzanna Krzyzos (M&A).

Commenting on the deal, partners Ben Sulaiman and Alastair Young said: “We are delighted to have assisted SOCAR on its entry into the Tamar gas project, further building our long-term relationship with SOCAR. This was a highly complex transaction, showcasing our international oil & gas expertise and the strength of our fully integrated specialist teams.”

Arnon, Tadmor-Levy advised SOCAR on Israeli law matters, and Mamo TCV advised SOCAR on Maltese law matters.