Baku: 'We continue our work by making significant changes for energy efficiency, by upgrading equipment and engines,' said Hikmat Abdullayev, SOCAR Deputy Vice President, during a panel discussion on "Emissions Abatement in Upstream Operations: Practical Pathways - Methane reduction, electrification and operational efficiencies with immediate impact" held on the sidelines of the 31st International Caspian Oil and Gas Exhibition - Caspian Oil and Gas.

According to Azerbaijan State News Agency, the measures taken have reduced methane emissions by 65 percent. Abdullayev highlighted the company's ongoing efforts to enhance energy efficiency, with an ambitious plan to transform into a large energy company within the next decade. Despite these efforts, he acknowledged that achieving full decarbonization remains a challenging goal. The Deputy Vice President stressed the importance of continuing to reduce methane emissions as a key strategy in overcoming these challenges.