By Nigar Abbasova
Azerbaijan’s state energy giant SOCAR and the American multinational technology company IBM agreed on long-term cooperation.
SOCAR President Rovnag Abdullayev and IBM Senior Vice-President Erich Clementi signed a Memorandum on Strategic Cooperation on February 15.
The memo envisages the use of IBM’s global innovations, investment in digital innovations and transformations, SOCAR’s access to the Watson artificial intelligence in oil production, as well as creation of new jobs for highly qualified personnel. Besides, training programs will be organized and research will be conducted jointly with the Baku Higher Oil School.
Abdullayev, speaking of cooperation with IBM, said that the project on creation of a regional gas and petrochemical competency center in Baku is currently underway.
He mentioned that the center, to be established together with IBM, will be of great importance in managing processes in Azerbaijan's petrochemical industry and improving engineering skills in applying innovative technologies.
Besides, he mentioned that SOCAR has given priority to innovative technologies in the global and regional energy projects carried out in Azerbaijan and has applied the latest scientific and technological achievements in the exploration, production, processing and transportation of oil and gas.
Clementi, in turn, assessed the signing of the memorandum with SOCAR as a first step towards long-term cooperation between IBM and Azerbaijan.
He emphasized that IBM makes investments only in countries that are deemed to be strategic partners for the company. He also noted that under the MoU Innovation Day will be celebrated in Baku every year.
SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.
Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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