The State Oil Company of Azerbaijan (SOCAR) has signed a Memorandum of Intent on Green Financing with the Japan Bank for International Cooperation (JBIC), SOCAR President Rovshan Najaf said on X, Report informs.
“We had a productive meeting with Nobumitsu Hayashi, Governor of the Japan Bank for International Cooperation (JBIC). The discussions focused on strengthening the partnership between SOCAR and JBIC, exploring new investment opportunities, and advancing initiatives aimed at sustainability, decarbonization, and innovation within the energy sector,” Najaf said.
“A significant outcome of the meeting was the signing of the Heads of Agreement on Green Financing, underscoring our commitment to fostering environmentally responsible energy solutions,” the SOCAR president wrote.