Eni signs MoU with SOCAR to explore cooperation in energy projects in Azerbaijan
London, July 30, 2024, (Oilandgaspress) –– – Eni CEO Claudio Descalzi and SOCAR (State Oil Company of Azerbaijan Republic) CEO Rovshan Najaf signed a Memorandum of Undestanding (MoU) in Baku today, to evaluate potential cooperation opportunities in the areas of exploration and production of hydrocarbons, energy security & efficiency, GHG emissions reduction, gas transportation infrastructures and sustainability. The signature took place at the presence of the Minister of Economy of the Republic of Azerbaijan Mikayil Jabbarov.
Under the terms of the MoU, Eni and SOCAR will evaluate synergies and investment opportunities in new and existing exploration and production projects, in Azerbaijan and in Eni countries of operations. They will also assess possible areas of cooperation and synergies related to national and international gas transport infrastructures, as well as projects and technologies that allow to reduce GHG emissions, and initiatives to promote sustainable development and a culture of sustainability within the energy industry. The MoU foresees activities in view of the upcoming United Nations Climate Change Conference COP 29, which will take place in Azerbaijan in November 2024.
This MoU is in line with Eni’s decarbonization strategy to reach carbon neutrality by 2050 while contributing to energy security and competitiveness of energy supply in Europe. Both Eni and SOCAR adhere to the Oil and Gas Decarbonization Charter, the global industry effort dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sector.
The National Highway Traffic Safety Administration urges used car buyers and owners to be aware of cheap, substandard replacement air bag inflators that can cause death or serious injury in a crash. In the last year, three people have been killed and two people have suffered life-altering, disfiguring injuries due to these faulty aftermarket replacement air bag inflators.
In all five cases, the vehicles had previously been involved in a crash, and their original equipment air bags were replaced with defective, substandard inflators, in most cases confirmed to have been manufactured overseas. These dangerous aftermarket parts malfunctioned in subsequent crashes, sending large metal fragments into drivers’ chests, necks, eyes and faces, killing or severely injuring drivers in otherwise survivable crashes.
These suspect replacement parts are often manufactured by foreign companies with little to no reputation of quality manufacturing or experience, sold at prices far below the cost of quality genuine equipment, ordered online and shipped to the United States, and installed by those other than reputable repair shops or manufacturer dealerships.
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