SOCAR may cooperate with US company in green energy transition

Cooperation opportunities between Azerbaijan's State Oil Company SOCAR and US-based Apollo Global Management, Inc. were discussed during a meeting between SOCAR President Rovshan Najaf and Jonathan Bar, Managing Director of Apollo Global Management, held within the framework of Baku Energy Week, focusing on areas including midstream operations and the transition to green energy.

According to SOCAR, cited by Report, during the meeting, it was noted that Baku Energy Week makes a significant contribution to the development of international energy cooperation. In this context, the importance of the documents signed between the parties during the opening ceremony of the event was highlighted in terms of expanding mutually beneficial cooperation.

The parties reviewed opportunities for cooperation in the areas of midstream operations and the green energy transition. They also exchanged views on optimizing the capital structure of energy projects, implementing innovative investment solutions, and other issues of mutual interest.