ADNOC strikes strategic collaboration agreement with SOCAR

ADNOC strikes strategic collaboration agreement with SOCAR

ADNOC and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon energy technologies. The SCA, signed at COP28, follows both ADNOC and SOCAR becoming founding signatories of the Oil and Gas Decarbonization Charter, which sets shared […]ADNOC and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon energy technologies.

The SCA, signed at COP28, follows both ADNOC and SOCAR becoming founding signatories of the Oil and Gas Decarbonization Charter, which sets shared targets to eliminate routine flaring and zero out methane emissions by 2030 and achieve net zero by 2050.

Musabbeh Al KaabiExecutive DirectorLow carbon solutions & International growthADNOC

“This latest collaboration with SOCAR underscores the importance of our industry working together to advance low-carbon solutions and accelerate decarbonization. Through this agreement, ADNOC and SOCAR will leverage our combined knowledge, experience, and expertise to advance promising hydrogen, carbon management, and geothermal technologies that could make a tangible difference as the world takes bold steps to decarbonize energy value chains.”

As part of the SCA, ADNOC, and