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“By 2035, we will no longer be a hydrocarbon giant,” vows Azerbaijan’s energy chief

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“By 2035, we will no longer be a hydrocarbon giant,” vows Azerbaijan’s energy chief
Copyright  Euronews
Copyright Euronews
By Rebecca McLaughlin-Eastham
Published on •Updated
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Azerbaijan’s state oil and gas firm SOCAR Vice President Afgan Isayev sets 2035 as a turning point in its drive towards net zero.

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Vice President Afgan Isayev said the company must overcome grid limitations, ageing infrastructure and supply chain hurdles to expand renewables. “By 2035, we will have become a national energy company… with a balanced portfolio,” he told Euronews.

That shift requires huge investment in infrastructure, digital technologies, and new renewable projects. Long-term supply agreements remain central to financial stability, while acquisitions in the Middle East and Europe are expanding the company’s global reach. With these moves, SOCAR is seeking to secure growth, modernise its operations, and deliver on Azerbaijan’s sustainability commitments.

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