Azerbaijan’s state oil company SOCAR and Honeywell Technologies signed their first Global Framework Agreement on November 6, setting the framework for the future supply of products and services.
SOCAR president Rovshan Najaf met Honeywell Technologies’ president of strategy and global regions and chief executive officer Anant Maheshwari on November 6. The two sides expressed satisfaction with the development of their cooperation and discussed ways to deepen ties in digital transformation, automation and sustainability.
During the talks, SOCAR representatives briefed their partners on the company’s ongoing digitalization efforts and projects to introduce new technological solutions. The sides also discussed industrial automation, the energy transition and operational safety.
Scope of the agreement
At the meeting, SOCAR and Honeywell Technologies signed a Global Framework Agreement, the first of its kind in SOCAR’s history. The agreement reflects a new approach covering both SOCAR’s domestic and overseas assets.
It sets the framework for cooperation on the future supply of products and services, including software and related technology solutions.
