Kazmunaygas, SOCAR Sign Strategic Agreement On Decarbonization
Date
11/12/2024 7:14:40 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 13. On the sidelines
of the 29th conference of the Parties to the UN Framework
Convention on Climate Change (COP29) in Baku, KazMunayGas (KMG) and
the State Oil Company of the Azerbaijan Republic (SOCAR) signed a
strategic agreement on decarbonization, Trend reports.
The document is an important milestone in the long-term strategy
of KMG and SOCAR to reduce their carbon footprint. It is also aimed
at interaction between the two leading oil and gas companies in the
implementation of decarbonization projects and the introduction of
low-carbon technologies.
COP29 has become a key international platform for discussing
climate issues. The signed agreement demonstrates the growing
importance and priority of cooperation between the countries of the
region on sustainable development and reducing their carbon
footprint.
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