Major Chinese oil and and gas producer interested in SOCAR projects

The China National Petroleum Corporation (CNPC), China’s largest oil and gas producer and supplier, is interested in participating in wide-range projects of the Azerbaijani state oil company SOCAR, the CNPC Board Member and Assistant President Wang Shihong said at a meeting with SOCAR’s President Rovnag Abdullayev.

Shihong said China is closely observing the sustainable development of Azerbaijan’s economy, said the SOCAR website May 31.

“Various funds and export-import banks of China show great interest in Azerbaijan, especially in the energy sector,” said Shihong.

During the meeting, SOCAR held a presentation of the Oil and Gas Processing and Petrochemical Complex (OGPC) project for the Chinese side.

SOCAR is the state oil company of Azerbaijan involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing oil, as well as oil and chemical products in domestic and international markets, and supplying natural gas to the industry and the public in Azerbaijan.

Source: Trend