SOCAR, IsDB review cooperation in energy and digitalization

Possible cooperation opportunities between the State Oil Company of Azerbaijan (SOCAR) and the Islamic Development Bank (IsDB) in the field of oil, gas, renewable energy, and digitalization were reviewed, SOCAR President Rovshan Najaf said during the meeting with Muhammad Al Jasser, the President of the IsDB Group, Report informs, citing SOCAR.

At the meeting, satisfaction was expressed with the successful cooperation between Azerbaijan and IDB, and the importance of the projects implemented by the bank in various fields in the country was emphasized.

The meeting informed about the investment projects implemented by SOCAR in the country and abroad, including the Southern Gas Corridor, which makes an important contribution to Europe's energy security.

During the meeting, SOCAR's long-term strategy was discussed, and it was noted that the application of digital and innovative technologies, as well as the development of renewable energy sources, were set as priority directions. Opinions were exchanged on other issues of mutual interest.