An agreement has been signed within the framework of the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) between the State Oil Company of Azerbaijan (SOCAR) and IntelliGrid, a joint venture of the Esyasoft holding and the Presight company, a source in SOCAR told reporters.

The agreement envisions implementation of the smart gas grid management system throughout the service area of the Azerigas production association.

The signing ceremony was attended by the Minister of Economy of Azerbaijan, Chairman of the Supervisory Board of SOCAR Mikayil Jabbarov, and the Chief Executive Officer for Digital Transformation at International Holding Company (IHC) Ajay Hans Raj Bhatia.

The document was signed by the President of SOCAR Rovshan Najaf, and the Chief Executive Officer of IntelliGrid Bipin Chandra.

According to the signed document, IntelliGrid's artificial intelligence capabilities will be used to integrate data analysis, predictive maintenance, and real-time monitoring into the gas distribution network, optimizing gas consumption, minimizing losses, and improving overall operational efficiency.

The opening ceremony of the much-anticipated COP29 conference has kicked off today at the Baku Olympic Stadium.

Representatives, leaders, and climate experts from around the globe gathered to mark the beginning of what is set to be one of the largest climate events of the year.

The decision to host COP29 in Azerbaijan was made at the COP28 plenary session held in Dubai on December 11 of last year.

The United Nations Framework Convention on Climate Change, signed in June 1992 at the Earth Summit in Rio de Janeiro, aims to prevent dangerous human interference with the climate system. The “COP” (Conference of the Parties) is the highest governing body responsible for overseeing the convention’s implementation.

A total of 198 countries participate in the convention. Unless otherwise agreed, COP is held annually. The first COP took place in Berlin in March 1995, with its secretariat headquartered in Bonn.

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