China National Petroleum Corporation seeks wider involvement in SOCAR projects
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, Azertac reported.
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 andinvestment
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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