Azerbaijan explores key areas of co-op between SOCAR and US-based Exxon Mobil

BAKU, Azerbaijan, February 12. The priorities
for cooperation between the State Oil Company of Azerbaijan (SOCAR)
and ExxonMobil and the potential for unconventional oil in
Azerbaijan were discussed, Azerbaijan's Minister of Economy Mikayil
Jabbarov wrote on his X page, Trend reports.

"During the meeting with Keith Simpson, Global Unconventional
Explorations Manager of the US-based Exxon Mobil Corporation, we
discussed cooperation priorities with SOCAR, as well as progress in
assessing the potential of unconventional oil resources in
Azerbaijan.

We also exchanged views on expanding low-carbon business
opportunities and increasing the adoption of efficient
technologies," the post reads.

Meanwhile, in June 2025, SOCAR and ExxonMobil Corporation signed
a Memorandum of Understanding. The document provides for
cooperation in Azerbaijan's oil and gas sector.