BAKU, Azerbaijan, June 1. SOCAR is aligning its
decarbonization strategy with Azerbaijan's updated national
emissions reduction targets, Deputy Vice President Hikmet
Abdullayev said at panel discussions within the framework of the
31st International Caspian Oil and Gas Exhibition in Baku today,
Trend
reports.
Speaking during a panel discussion, Abdullayev said the
company's climate goals are being adjusted to reflect the country's
newly adopted emissions reduction commitments.
According to him, the latest Nationally Determined Contributions
(NDCs) prepared and submitted this year by the Ministry of Ecology
and Natural Resources set ambitious nationwide targets for reducing
greenhouse gas emissions.
Abdullayev said SOCAR has reviewed the document and has begun
aligning its emissions reduction and decarbonization objectives
with the targets established at the national level.
He noted that the move is particularly significant because SOCAR
accounts for a substantial share of the country's emissions
footprint.
"The main goal is to gradually reduce emissions while ensuring
the sustainability and security of energy supply," Abdullayev
said.
He added that stricter regulations and environmental standards
are accelerating the implementation of projects that had previously
remained at the planning stage.
"Over the next decade, SOCAR aims to transform itself into an
energy company. Throughout this process, maintaining production
stability and improving emissions performance will be pursued in
parallel," he said.
Abdullayev also said that decarbonization has become an integral
part of the company's daily operations and is now regarded as
"business as usual."
In addition, SOCAR continues to focus on maintaining existing
production, diversifying its energy portfolio, and reducing the
carbon intensity of its core operations, he added.
