BAKU, Azerbaijan, August 27. Azerbaijan’s state
oil company SOCAR and the Export-Import Bank of China have
discussed opportunities to expand cooperation in the energy sector,
SOCAR said.
SOCAR President Rovshan Najaf met with a delegation led by Wang
Kang, vice president of the Export-Import Bank of China, according
to the company.
The meeting highlighted the successful development of
cooperation between SOCAR, Chinese companies and financial
institutions, as well as the implementation of a number of projects
aimed at expanding ties in various areas.
The sides discussed SOCAR’s projects in Azerbaijan and abroad,
along with the company’s prospective initiatives.
Representatives of the Chinese bank, a financial institution of
the Chinese government, provided information on projects supporting
foreign investment and international economic cooperation.
The sides also explored opportunities to expand cooperation
across various areas of the energy sector, including the processing
industry, and exchanged views on issues of mutual interest.
The Export-Import Bank of China is a state-owned and
state-funded policy bank with independent legal status. It reports
directly to China’s State Council and specializes in supporting
China’s foreign trade, investment and international economic
cooperation.
