The State Oil Company of Azerbaijan (SOCAR) and the National Assembly of Zimbabwe exchanged views on cooperation opportunities in various spheres of the energy sector, Report informs, citing SOCAR.
The discussions took place during the meeting between SOCAR President Rovshan Najaf and Jacob Francis Nzwidamilimo Mudenda, Speaker of the National Assembly of Zimbabwe, on July 8.
During the meeting, information was provided on Azerbaijan's energy strategy and the globally significant energy projects implemented at the country's initiative. The parties also discussed the favorable investment environment created in Azerbaijan, where stability and sustainable development have been successfully ensured, enabling the activities of foreign companies.
The guest was also provided with detailed information on SOCAR's transformation from a national oil and gas company into an international energy company, as well as its diversified operations across the energy sector and the projects it is implementing both in Azerbaijan and abroad.
The discussions also covered SOCAR's green agenda, including renewable energy projects implemented jointly with partners and the company's decarbonization targets. In addition, it was noted that, as part of its strong focus on digitalization, SOCAR is investing in new projects related to the establishment of data centers and the development of artificial intelligence. In this context, it was highlighted that three of SOCAR's facilities have been recognized by the World Economic Forum with the Digital Lighthouse designation.
The parties also exchanged views on opportunities for cooperation across various segments of the energy sector, experience sharing, and other issues of mutual interest.