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SOCAR is actively exploring geothermal energy potential in Azerbaijan in partnership with U.S. companies, as stated by Vice President Afghan Isayev. This collaboration, rooted in the 1994 'Contract of the Century', has evolved from initial upstream activities to a broader engagement across the oil and gas value chain.

SOCAR has set ambitious decarbonization targets, including achieving zero routine flaring by 2030 and reducing emissions intensity by 30% by 2035. Projects with U.S. firms like ExxonMobil, SLB, and Baker Hughes focus on advanced technology applications, while initiatives like the 'C&S Lighthouse' aim to support green transformation.