(AGENPARL) – mar 30 luglio 2024 Eni CEO Claudio Descalzi meets the Minister of Economy of
the Republic of Azerbaijan Mikayil Jabbarov and signs MoU
with SOCAR to explore cooperation in energy projects and
energy transition initiatives
Baku (Azerbaijan), 30 July 2024 – Eni CEO Claudio Descalzi and SOCAR (State Oil
Company of Azerbaijan Republic) CEO Rovshan Najaf signed a Memorandum of
Undestanding (MoU) in Baku today, to evaluate potential cooperation opportunities in the
areas of exploration and production of hydrocarbons, energy security & efficiency, GHG
emissions reduction, gas transportation infrastructures and sustainability. The signature
took place at the presence of the Minister of Economy of the Republic of Azerbaijan Mikayil
Jabbarov.
Under the terms of the MoU, Eni and SOCAR will evaluate synergies and investment
opportunities in new and existing exploration and production projects, in Azerbaijan and in
Eni countries of operations. They will also assess possible areas of cooperation and
synergies related to national and international gas transport infrastructures, as well as
projects and technologies that allow to reduce GHG emissions, and initiatives to promote
sustainable development and a culture of sustainability within the energy industry. The MoU
foresees activities in view of the upcoming United Nations Climate Change Conference COP
29, which will take place in Azerbaijan in November 2024.
This MoU is in line with Eni’s decarbonization strategy to reach carbon neutrality by 2050
while contributing to energy security and competitiveness of energy supply in Europe. Both
Eni and SOCAR adhere to the Oil and Gas Decarbonization Charter, the global industry
effort dedicated to speeding up climate action and achieving high-scale impact across the
oil and gas sector.
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Website: http://www.eni.com