SOCAR, IBM ink long-term cooperation deal
Azerbaijan’s state oil company SOCAR and the American multinational technology company IBM agreed on long-term cooperation, SOCAR said in a message.
A memorandum on strategic partnership between the two companies was signed by SOCAR President Rovnag Abdullayev and IBM Senior Vice-President Erich Clementi in Baku.
“The memorandum 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,” reads the message.
Under the memorandum, training programs will be organized and research will be conducted jointly with the Baku Higher Oil School.
Rovnag Abdullayev, speaking of cooperation with IBM, mentioned the project on creation of a regional gas and petrochemical competency center in Baku.
The center, to be built jointly with IBM, will play an important role in the management of petrochemical processes in Azerbaijan and will increase knowledge in the application of innovative technologies, according to him.