The delegation of the State Oil Company of the Republic of Azerbaijan (SOCAR) participated in the annual meeting of the Steering Committee of the Global Gas Flaring Reduction Partnership (GGFR) organization, which was held in London, United Kingdom, on October 25th.

At the meeting, participants were informed about a number of successful projects implemented in SOCAR and it was pointed out that carbon dioxide emissions were reduced to less than 2%.

It was noted that the emissions amounting to 21,000 tons of CO2 were avoided by SOCAR, SOCAR is the first company in the region to purchase and sell CO2 certificates.

At the event it was proposed to change the name of the GGFR organization to “Flaring Methane Reduction Partnership – FMRP”, this proposal was unanimously approved by the participants.