SOCAR President meets with representatives of World Economic Forum (PHOTO)

BAKU, Azerbaijan, March 15. On March 15, 2024,
President of the State Oil Company of the Azerbaijan Republic
(SOCAR) Rovshan Najaf met with Espen Mehlum, Head of Energy
Transition and Regional Acceleration Research at the World Economic
Forum, and René Van Heusden, Head of Oil and Gas Industry Affairs,
Trend
reports.

During the meeting, representatives of the World Economic Forum
were informed about the transformation of SOCAR from an oil and gas
company into an international energy company and about other
strategic goals defined in the Corporate Strategy until 2035. It
was noted that the energy transition has been identified as one of
the priority areas for the company’s development, and the
importance of the documents signed between SOCAR and international
partner companies.

During the conversation, it was noted that COP29, which
Azerbaijan will host, will make an important contribution to steps
to combat climate change.

The parties reviewed the possibilities of expanding cooperation
between SOCAR and the World Economic Forum, exchanged views on
issues of digitalization, decarbonization, reduction of methane
emissions, as well as other issues of mutual interest.