Click here for search results

Photo Gallery-Powering Growth and Saving the Environment in Azerbaijan

Powering Growth and Saving the Environment in Azerbaijan

Worldwide, nearly 140 billion cubic meters of natural gas are burned a year as petroleum is extracted, releasing 400 million tons of carbon dioxide, as much as 77 million cars.

The World Bank-led Global Gas Flaring Reduction (GGFR) partnership supports leading oil producing countries and companies to minimize gas waste and maximize use of this valuable energy source.

Azerbaijan has 150 years of experience in commercial oil production. Yet, until 2007, almost half a billion cubic meters of gas were flared annually.

Azerbaijan and its national oil company SOCAR joined GGFR in 2008 as the company modernized and committed to environmental sustainability.

The exact amount of gas flared must be known before waste can be reduced. GGFR provided SOCAR with measuring equipment and helped train company staff to use it.

GGFR introduced a gas recovery plan in Azerbaijan, identifying where and how much gas is flared, and how much time and infrastructure is needed to reduce flaring.

Constructive dialogue among government, SOCAR and BP—which operates oil and gas fields in the Caspian Sea— helped to reduce flared gas there by 45 percent in the past three years.

According to the World Bank, using flared petroleum gas is crucial for both economic and environmental reasons.

Through its gas recovery plan, Azerbaijan will put an additional 1.6 billion cubic meters of natural gas to productive use. This will boost the Azerbaijani economy.

And ensure a cleaner energy source and environment for generations of Azerbaijanis.

Permanent URL for this page: