Azerbaijan, World Bank mull prospects for cooperation on decarbonization
President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf met with the World Bank Regional Director for Energy and Infrastructure in Europe and Central Asia Charles Cormier on Tuesday, News.Az reports.
The sides expressed satisfaction with the long-term fruitful cooperation between Azerbaijan and the World Bank and stressed the importance of strategic projects in the energy sector, including the Southern Gas Corridor, from the point of view of the economic development of the region and the energy security of Europe.
In addition, during the meeting, SOCAR's long-term goals were discussed, and it was noted that the energy transition was identified as a priority direction.
Moreover, the sides discussed prospects for cooperation in the fields of oil and gas production, renewable energy sources, decarbonization and digitalization, and exchanged views on other issues of mutual interest.
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