BAKU, Azerbaijan, February 24. The State Oil
Company of Azerbaijan (SOCAR) plans to implement strategic
initiatives to reduce the intensity of freshwater consumption in
the coming years, Head of Division Environmental Management
Planning at SOCAR Medina Hajiyeva said during a roundtable
discussion titled "Water Security in Azerbaijan: Regulation, Risk,
and Responsible Business Action," held in Baku, Trend reports.
According to her, the company is engaged not only in oil and gas
exploration but also in refining and petrochemical production,
which involves the withdrawal of significant volumes of water
resources, including freshwater.
"We are currently conducting strategic planning to reduce the
intensity of freshwater consumption by implementing appropriate
initiatives. This will include infrastructure development,
increased wastewater recycling, and the implementation of
closed-loop water recycling at water-intensive facilities,"
Hajiyeva explained.
She mentioned that SOCAR has been diligently crafting a
sustainability report over the past three years, undergoing
thorough review and revisions by Ernst & Young.
"Since SOCAR exports products not only to Russia and post-Soviet
countries but also to Europe, we take high-quality reporting very
seriously. We meticulously account for and report on every drop of
water used. This year, we are taking an important step by
introducing key performance indicators for the water sector. While
companies typically include facilities that account for 90% of
their total freshwater intake, we have decided to include every
SOCAR organization using more than 1% of the total water volume in
our key performance indicator reporting system. This will cover
production operations, all oil and gas platforms, and petrochemical
production," she noted.
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