diff --git a/terraform/oci/root/main.tf b/terraform/oci/root/main.tf
index 89f6f1aad..8d79e705c 100644
--- a/terraform/oci/root/main.tf
+++ b/terraform/oci/root/main.tf
@@ -20,7 +20,7 @@ terraform {
   required_providers {
     oci = {
       source  = "hashicorp/oci"
-      version = "5.33.0"
+      version = "5.34.0"
     }
   }
 }
diff --git a/terraform/oci/root/modules/billing/main.tf b/terraform/oci/root/modules/billing/main.tf
index 89f6f1aad..8d79e705c 100644
--- a/terraform/oci/root/modules/billing/main.tf
+++ b/terraform/oci/root/modules/billing/main.tf
@@ -20,7 +20,7 @@ terraform {
   required_providers {
     oci = {
       source  = "hashicorp/oci"
-      version = "5.33.0"
+      version = "5.34.0"
     }
   }
 }