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API Signs First MOU With Azerbaijan s National Oil Company
The American Petroleum Institute (API) today signed a Memorandum of Understanding (MOU) with the State Oil Company of Azerbaijan Republic (SOCAR), Azerbaijan’s national oil company, to collaborate on industry standards with the goal of enhancing safety, environmental protection and sustainability across the industry.
“We welcome the signing of today’s MOU with SOCAR, bringing together our two organizations to develop standards in pursuit of our shared goals of safety and environmental protection,” API Global Industry Services (GIS) Senior Vice President Debra Phillips said. “Today’s signing marks the first MOU between API and SOCAR, playing a key role in connecting two major natural gas and oil markets to advance industry performance globally.”