SOCAR pledges to give up gas flaring

SOCAR (State Oil Company of Azerbaijan) has joined the World Bank’s 'Zero Routine Flaring by 2030' Initiative.

In addition to SOCAR, the initiative has already been endorsed by nine countries [Russia, Kazakhstan, Norway, Cameroon, Gabon, Uzbekistan, Congo, Angola and France], nine major oil companies [Total, Statoil, Eni, SNH - Cameroon, Petroamazonas EP (Ecuador), Royal Dutch Shell, SNPC, Kuwait Oil Company, and BG Group] and four financial institutions [Eurasian Bank for Reconstruction and Development, Asian Development Bank, the African Development Bank and Islamic Development Bank].Gas flaring results in more than 300 million tons of CO2 being emitted into the atmosphere, which is equivalent to emissions from approximately 77 million cars.

In addition to SOCAR, the initiative has already been endorsed by nine countries [Russia, Kazakhstan, Norway, Cameroon, Gabon, Uzbekistan, Congo, Angola and France], nine major oil companies [Total, Statoil, Eni, SNH - Cameroon, Petroamazonas EP (Ecuador), Royal Dutch Shell, SNPC, Kuwait Oil Company, and BG Group] and four financial institutions [Eurasian Bank for Reconstruction and Development, Asian Development Bank, the African Development Bank and Islamic Development Bank].

 

Gas flaring results in more than 300 million tons of CO2 being emitted into the atmosphere, which is equivalent to emissions from approximately 77 million cars.