BAKU, Azerbaijan, June 2. At the first event of the Azerbaijan-U.S. Economic Dialogue, held as part of “Baku Energy Week,” 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, the Economy Minister wrote on his X account, Trend reports.
'''At the 1st Azerbaijan–US Economic Dialogue, held within the
framework of Baku Energy Week, a Memorandum of Understanding was
signed between the Ministry of Economy and Oracle, and a Strategic
Cooperation Agreement was signed between SOCAR and Lummus
Technology.
The Memorandum signed with Oracle will support the development of
digital infrastructure in our country, the application of modern
technologies, and active cooperation in the field of technology
transfer. At the same time, the Agreement signed between SOCAR and
Lummus Technology covers collaboration on the implementation of
efficient solutions and industrial technologies,''' the publication
reads.
