BAKU, Azerbaijan, August 4. State Oil
Company of the Republic of Azerbaijan (SOCAR) and Microsoft have
signed a memorandum of understanding, Trend reports.
According to SOCAR, under the agreement, cooperation
in the areas of digitalization, innovation, improvement of
information technology infrastructure, human capital development,
as well as exploration, production, processing, marketing,
transport, and cybersecurity is planned. Therefore, the parties
will create a favorable basis for the creation of an innovative
center of excellence.
In addition, SOCAR’s corporate strategy provides for
the implementation of purposes on energy security, digitalization,
business sustainability, efficiency and optimization, and energy
transition until 2035.
Moreover, the memorandum is also part of the company’s
long-term strategy and is aimed at modernizing the operating model
through the use of clean, digital and innovative technologies at
the state oil company’s enterprises, as well as aimed at more
efficient execution of technical and technological operations,
strengthening the business.
SOCAR and the CISCO Systems Inc have previously
reached an agreement on cooperation in the field of digital
transformation, network solutions and software for the introduction
of new technologies.
Cooperation provides for the implementation of
projects between the parties in the areas of technological
infrastructure, secure digital transformation, sustainable IT
systems, as well as creating a convenient user experience.
