Azerbaijan signs documents with Oracle, Lummus Technology

A Memorandum of Understanding was signed between Azerbaijan's Ministry of Economy and Oracle, while a Strategic Cooperation Agreement was signed between the State Oil Company of Azerbaijan (SOCAR) and Lummus Technology during the first Azerbaijan-US Economic Dialogue held as part of Baku Energy Week, Azerbaijani Economy Minister Mikayil Jabbarov said on X, Report informs.

Jabbarov said the memorandum signed between the Ministry of Economy and Oracle would ensure the creation of digital infrastructure in Azerbaijan, the application of modern technologies and active cooperation in technology transfer.

According to him, the agreement signed between SOCAR and Lummus Technology covers cooperation on the application of efficient solutions and industrial technologies.