OREANDA-NEWS. April 11, 2012. State Oil Company of Azerbaijan (SOCAR) and Sumitomo Corporation signed in Baku yesterday a memorandum of intentions on cooperation in the field of ecology and environmental protection.

According to SOCAR, the memo says of collaborative research in the field of ecology, cooperation in the collection and utilization of associated gas in oil production, and use of LED technology. The choice of specific research projects will be made in subsequent negotiations.

SOCAR is participant of World Bank’s initiative GGFR (against the flaring of associated gas).