SOCAR And ADNOC Discuss Progress In 'Absheron' Project Implementation


(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 17. President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf held several meetings within the Davos World Economic Forum (WEF), Trend reports referring to Najaf's social media statements.

Particularly, a "strategic dialog" was held during the meeting with Musabbeh Al Kaabi, executive director for low-carbon solutions and international development of ADNOC (UAE).

"Progress on the 'Absheron' Caspian gas production project, low-carbon solutions, potential opportunities for further cooperation were discussed," Najaf's statement said.

ADNOC has been involved in the Absheron project since summer 2023 with a 30-percent stake, which could produce 5 to 6 bcm of gas per year by the end of the decade.

Rovshan Najaf also held productive discussions with U.S. Deputy Special Envoy for Climate Action Rick Duke in Davos.

"Potential cooperation was discussed in the field of decarbonization, climate issues, and promotion of a sustainable future for the planet," Najaf said.

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