Azerbaijan's SOCAR to work hand in hand with Italian company on gas portage

  30 July 2024    Read: 1029
Azerbaijan

Minister of Economy, Chairman of the Supervisory Board of the State Oil Company (SOCAR) Mikayil Jabbarov, and SOCAR President Rovshan Najaf met with Director General of Eni S.p.A. Claudio Descalzi, AzVision.az reports citing SOCAR.

During the meeting, the companies sealed the deal by signing a memorandum of understanding to dive into possible opportunities for collaboration in the fields of energy projects, energy security, and efficiency. They also discussed ways to reduce greenhouse gas emissions, improve gas transportation infrastructure, and promote sustainability.

According to the memorandum, the parties agreed to consider issues related to synergies and investment opportunities in new and existing upstream projects in Azerbaijan and countries where Eni S.p.A. operates, as well as projects and technologies for gas transportation, reduction of greenhouse gas emissions, and possible areas of cooperation contributing to sustainable development in the energy sector.

Furthermore, it was stressed at the meeting that the memorandum aligns with the companies' strategies for decarbonization and will make an important contribution to the work in this direction.


More about:


News Line