Azerbaijan's SOCAR and Eni sign MoU for energy collaboration, investment, and decarbonization.
Azerbaijan's State Oil Company (SOCAR) and Eni S.p.A. have signed a Memorandum of Understanding (MoU) to explore collaborative opportunities in energy projects, energy security, efficiency, infrastructure improvement, and sustainability. The agreement covers potential investment opportunities in new and existing upstream projects in Azerbaijan and countries where Eni operates. The companies will consider ways to reduce greenhouse gas emissions and support each other's decarbonization strategies.
July 30, 2024
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