CHINA’S CORPORATION CNPC CONFIRMS AN INTEREST IN SOCAR OGPC PROJECT

Economy Minister Shahin Mustafayev of Azerbaijan has received today in Baku a delegation of Chinese business people.

The Ministry of Economy informs that at the meeting a member of board of China National Petroleum Corporation (CNPC) Shihong Wang voiced a hope for successful implementation of the project on construction of oil and gas processing & petrochemical complex (SOCAR OGPC), on which CNPC signed this year the Protocol of Intentions with the State Oil Company of Azerbaijan.

“In general, CNPC is interested in expanding cooperation with Azerbaijan,” Shihong said.

Minister Mustafayev says that Azerbaijan is already numbering 77 companies with Chinese capital, and trade turnover between the two countries increased by 56% for the first three quarters of this year.