Oil and gas giants of Azerbaijan, Kazakhstan, Russia, and Uzbekistan sign decarbonization cooperation agreement

The State Oil Company of Azerbaijan (SOCAR), the National Company KazMunayGas (KMG, Kazakhstan), PJSC Tatneft (Russia), and JSC Uzbekneftegaz (Uzbekistan) have signed a cooperation agreement in the field of decarbonization and sustainable initiatives.

Report informs, citing KMG, that the International Conference "Sustainable Development: Joint Steps Toward Decarbonization" took place in Astana. The event was attended by KMG's CEO Askhat Hassenov, SOCAR President Rovshan Najaf, CEO of PJSC Tatneft Nail Maganov, and Chairman of Uzbekneftegaz Bahodirjon Sidikov.

At the conclusion of the conference, the heads of the companies signed the cooperation agreement in the field of decarbonization and sustainable initiatives.

The document envisions the exchange of experience in environmentally safe technologies and the implementation of "green" projects, which will, in turn, allow the companies to promote climate initiatives on global energy markets.