BAKU, Azerbaijan, January 20. The State Oil
Company of Azerbaijan (SOCAR) and Italy’s Eni S.P.A. discussed
opportunities for cooperation on potential energy projects, SOCAR
President Rovshan Najaf said in a post on his social media page,
Trend
reports.
"Within the framework of the World Economic Forum 2026, I held a
productive meeting with Claudio Descalzi, Chief Executive Officer
of Eni, where we reaffirmed our strong partnership and joint
commitment to advancing strategic energy initiatives. During the
meeting, potential projects under memorandums of understanding
signed between SOCAR and Eni were discussed, focusing on energy
security, emission reductions, and biofuel production.
This collaboration represents a significant step toward
strengthening energy security in Europe, reducing greenhouse gas
emissions, and promoting renewable energy development in Azerbaijan
and the broader region. By leveraging our joint experience, we aim
to address today’s energy challenges and build a more sustainable,
resilient, and secure energy future," the post said.
Azerbaijan and Italy's energy partnership encompasses
traditional oil and gas as well as expanding renewable energy
initiatives. Key projects include the Trans Adriatic Pipeline
(TAP), enhancing Italy's energy security, and significant
investment in renewables. Italian firms, such as Ansaldo Energia,
are involved in modernizing Azerbaijan’s energy infrastructure.
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