SOCAR Trading official: Paris Agreement offers agility to its parties

The Paris Agreement offers agility to its parties, Julie Noller, a carbon quota trader at SOCAR Trading, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), said at the Financial Times Commodities Global Summit 2025 held in Lausanne, Switzerland, Report informs.

According to Noller, however, this comes with a responsibility for countries to develop sustainable carbon market infrastructures.

She noted that as the carbon trading landscape evolves, SOCAR Trading remains committed to contributing to the development of efficient and reliable carbon markets.

The summit is attended by more than 85 speakers and 450 representatives from the energy sector.

Headquartered in Geneva, SOCAR Trading was established in December 2007 as the marketing arm of the State Oil Company of the Azerbaijan Republic (SOCAR). The company has representative offices in London, Singapore, Dubai and Houston. SOCAR Trading is a global trading house with offices in five major trading hubs and crude oil, refined products, LNG, natural gas and environmental products trading capabilities. Besides its trading activities, SOCAR Trading has relationships with SWIFT and more than 40 banks in Europe, Asia, and the US.