ECONOMY
China Export and Credit Insurance Corporation seeks cooperation with SOCAR
Baku, May 21, AZERTAC
The China Export and Credit Insurance Corporation (SINOSURE) has shown keenness to cooperate with Azerbaijan`s state oil firm (SOCAR) as SOCAR’s president Rovnag Abdullayev met with the Chinese delegation led by the chairman and Chief Executive Officer of SINOSURE Wang Yi.
The sides discussed prospects of involving Chinese companies in the projects implemented by SOCAR in the fields of exploration, production, transportation, refining and chemistry. They noted the importance of conducting exchange of information between SINOSURE and SOCAR and reinforcing joint efforts in this regard.
They also discussed investment opportunities for the Chinese companies in the countries where SOCAR operates.
China Export & Credit Insurance Corporation is a state-funded policy-oriented insurance company, established in 2001 for promoting China's foreign trade and economic cooperation.
SINOSURE actively expands its coverage of export credit insurance to provide comprehensive risk protection for China’s export of goods, technology and services as well as overseas engineering contracts and overseas investment projects.