Within the framework of the “Baku Energy Week”, at the 1st Azerbaijan-US Economic Dialogue event, a Memorandum of Understanding was signed between the Ministry of Economy and “Oracle”, and a Strategic Cooperation Agreement was signed between the State Oil Company of Azerbaijan (SOCAR) and “Lummus Technology”.
elchi reports that this was stated by Minister of Economy Mikayil Jabbarov on his “X” social network account.
“The Memorandum signed between the Ministry of Economy and “Oracle” will ensure the creation of digital infrastructure in our country, the application of modern technologies, and active cooperation in the field of technology transfer. The Agreement signed between SOCAR and “Lummus Technology” covers cooperation in the direction of efficient solutions and the application of industrial technologies,” he noted.