135th out of 174
56th out of 85
68th out of 86
SOCAR appears to mostly support a continued role for fossil fuels in the energy mix. In 2021, The company supported the energy transition, but emphasized that oil and gas will be “the primary energy source for the industry for a long time to come.” SOCAR has also consistently stated support for investments and infrastructure which will lock in unabated fossil fuels including oil and fossil gas, such as the Trans-Anatolian Natural Gas Pipeline (TANAP). SOCAR’s President Rovnag Abullayev expressed support for the development of sustainable energies, such as biogas and hydrogen, but advocated for the use of Compressed Natural Gas and Liquified Natural Gas to decarbonize mobility. The company has also stated support for renewable and other “alternative” energy sources.
