Azerbaijan's SOCAR To Work Hand In Hand With Italian Company On Gas Portage
Date
7/30/2024 3:12:43 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 30. 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, Trend reports via
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.
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