ECONOMY


China National Petroleum Corporation seeks wider involvement in SOCAR projects

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Baku, November 13, AZERTAC 

Member of the Board of Directors of China National Petroleum Corporation (CNPC) Wang Shihong has expressed his company`s interest in playing a wider role in the projects carried out by Azerbaijan`s state oil firm, SOCAR. He was part of a Chinese delegation including representatives of financial institutions, banks, investment and insurance companies that had a meeting with SOCAR President Rovnag Abdullayev in Baku.

Shihong hailed the importance of a SOCAR-CNPC project to build a gas processing and petrochemicals complex in Azerbaijan. He said the Chinese government and financial institutions and investment companies attach great importance to this project.

Abdullayev hailed relations between Azerbaijan and China, particularly cooperation in energy sector. He highlighted SOCAR’s long-term cooperation with Chinese companies and financial institutions.

Abdullayev also provided an insight into favourable business and investment climate created in Azerbaijan.

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