BAKU, Azerbaijan, January 22. The State Oil Company of Azerbaijan (SOCAR) and Swiss SICPA SA signed a services agreement, Azerbaijan's Minister of Economy Mikayil Jabbarov wrote on his X page, Trend reports.
"Within the framework of President Ilham Aliyev’s participation in the World Economic Forum in Davos, SOCAR and Switzerland’s SICPA SA signed a services agreement.
This collaboration will establish a framework for joint activities based on modern traceability technologies. The planned solutions will contribute to strengthening security across the energy supply chain and enhancing transparency," the post reads.
SICPA is a Swiss technology company that supports the effective governance and long-term prosperity of nations. Established in 1927 and headquartered in Switzerland, SICPA is best known for safeguarding the majority of the world's banknotes.
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