Afgan Isayev is vice president of SOCAR, Azerbaijan’s state oil company. In this episode, he outlines the company’s plans and actions to transition from a traditional oil and gas company to a diversified energy leader by 2035.
Afgan Isayev is vice president of SOCAR, Azerbaijan’s state oil company. In this episode, he outlines the company’s plans and actions to transition from a traditional oil and gas company to a diversified energy leader by 2035, with the goal of balancing its portfolio with hydrocarbon and low-carbon businesses. . SOCAR aims to bring its emissions profile on par with the world champions in the sector, and highlights its commitment to decarbonisation.
Since joining SOCAR in 2012, Isayev has participated in various international projects, which, in 2018, prompted him to focus on decarbonization. The company has partnered with global strategic players and has already launched important projects, such as the development of 1 GW in renewable energy sources (composed of two solar projects and one wind project) and a 2 GW offshore wind project destined to the production of ecological hydrogen.
At the upcoming COP29, SOCAR plans to actively participate by hosting events and panels that promote climate change mitigation. Isayev highlights the importance of collaboration with other national and international oil companies. With strategic partnerships and future projects, SOCAR aims to ensure a sustainable future for generations to come.
