BAKU, Azerbaijan, July 6. SOCAR is changing into an
built-in power firm with a deal with AI, SOCAR Vice President
Ziba Mustafayeva introduced this on the opening ceremony of the twentieth
Baku Summer time Vitality Faculty, organized by the Institute for
Growth and Diplomacy (IDD) of ADA College, Development correspondent stories
from the occasion.
“SOCAR is now not simply an oil firm. We’re reworking
into an built-in, diversified power firm, pushed by information and
synthetic intelligence. The corporate continues to function in all
conventional segments of the oil and fuel trade – exploration and
manufacturing, transportation, refining, and buying and selling – whereas
concurrently increasing its actions within the power transition.
SOCAR has been implementing photo voltaic and wind power tasks for
a number of years and is contemplating additional enlargement of its
actions on the regional degree, in addition to exploring different areas
of inexperienced power,” she mentioned.
SOCAR’s Vice President additionally emphasised that the corporate was
awarded the World Financial Discussion board’s Lighthouse Award in 2026.
“The award acknowledges the implementation of digital
applied sciences, automation, and synthetic intelligence-based
options at SOCAR’s urea plant in Azerbaijan. Our expertise has
been acknowledged globally and may now be utilized in different nations.
This yr, SOCAR acquired the gasoline and retail enterprise and oil
refining property of Italiana Petroli in Italy. This transaction was
one of many firm’s largest worldwide transactions. This yr
marks the twentieth anniversary of the Baku-Tbilisi-Ceyhan (BTC) oil
pipeline’s operation. Just lately, the pipeline’s operatorship was
transferred from BP to SOCAR. Because of this we have now developed the
native experience to handle such a large-scale infrastructure and are
able to share this expertise with different nations,” SOCAR’s Vice
President said.
Based on Z. Mustafayeva, not one of the firm’s achievements
would have been attainable with out cooperation with worldwide
companions.
In conclusion, she emphasised that SOCAR extremely values its
cooperation with ADA College, noting the college’s
contribution to the coaching of the corporate’s executives and
managers via joint instructional packages.
