Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR's Baku Oil Refinery
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Baker Hughes has signed a contract with SOCAR to implement an emissions abatement solution at the Heydar Aliyev Oil Refinery in Baku, Azerbaijan. This system will reduce routine flaring and was announced at COP29.
November 14, 2024 | 4:15 pm
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Baker Hughes has secured a contract with SOCAR to provide an emissions abatement solution at the Heydar Aliyev Oil Refinery, which will reduce routine flaring.
The contract with SOCAR to implement an emissions abatement solution is a significant business development for Baker Hughes, indicating potential revenue growth and strengthening its position in sustainable energy solutions. This positive development is likely to have a favorable impact on BKR's stock price in the short term.
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