Azerbaijan's Ministry of Economy and the State Oil Company of Azerbaijan (SOCAR) have signed memorandums of understanding with BP, Economy Minister Mikayil Jabbarov said in a post on X following a meeting with BP Chief Executive Officer Meg O'Neill, according to Report.
"During the meeting with BP Chief Executive Officer Meg O'Neill, documents were signed between the Ministry of Economy, SOCAR, and BP Exploration (Caspian Sea) Limited," Jabbarov said.
According to the minister, a memorandum of understanding on cooperation in the development of high-performance computing (HPC) infrastructure, signed between the Ministry of Economy and BP Exploration Limited, envisages strengthening the new HPC infrastructure established by the ministry as part of the country's digital economy development efforts through the company's expertise.
Jabbarov added that another memorandum, signed between BP Exploration Limited and SOCAR, will give fresh momentum to expanding cooperation in the energy sector and further strengthen Azerbaijan"s position as a global energy hub.