Azule Energy, an Angolan company, has recently become a signatory to the Global Oil and Gas Decarbonization Charter (OGDC), aligning with efforts aimed at advancing climate action within the oil sector.
The OGDC Charter was unveiled during COP28, the International Climate Summit, held in the United Arab Emirates from November 30th to December 12th.
With over 50 companies on board, representing 40% of global oil production, this initiative has seen National Oil Companies (NOC) comprising over 60% of its signatories.
Aiming for Net Zero operations by 2050 and the elimination of routine gas flaring by 2030, the participating companies have committed to reducing emissions significantly, aiming to lower methane levels in the upstream oil sector.
Azule Energy, dedicated to decarbonization and carbon neutrality, emphasizes its role in bolstering Angola’s energy sector.
In collaboration with Sonangol, another member of the Global Decarbonization Charter, Azule Energy signed a Memorandum of Understanding in September, aiming to propel decarbonization initiatives within Angola and promote clean energy adoption.
Adriano Mongini, CEO of Azule Energy, underlined the company’s commitment to actively supporting Angola’s energy transition.
He emphasized the mission to enhance efficiency, transparency, and collaboration, ensuring secure energy provisions to foster the nation’s economic development.
OGDC’s primary focus remains on establishing industry best practices for emission reduction. Azule Energy, operating internationally from Angola, has an average daily production of 220 thousand barrels of oil and gas and holds resources equivalent to two billion barrels of oil.
The company is steadfast in its commitment to drive Angola’s energy sector development and transition.
