BAKU, Azerbaijan, January 28. Azerbaijan’s
state oil company SOCAR and China’s CITIC Construction Co., Ltd.
have signed a framework agreement to explore potential cooperation
opportunities, Trend reports via SOCAR.
The agreement was signed on January 28 during a meeting between
SOCAR president Rovshan Najaf and CITIC Construction chairman Yang
Jianqiang.
The two sides discussed their successful past cooperation and
reviewed potential joint projects in energy infrastructure,
petrochemicals, and possible joint ventures.
SOCAR also shared information on its ongoing projects in
Azerbaijan and abroad, as well as its corporate strategic
objectives.
CITIC Construction Co., Ltd. is a subsidiary of CITIC Group.
Besides its traditional business in engineering sector, the
company also expands its service portfolio and offers a whole range
of value-added services. Based on the comprehensive advantages
endowed by its parent company CITIC Group whose business covers six
major sectors including finance, resources and energy,
manufacturing, engineering contracting, real estate and
infrastructure, the company offers clients with financial and
consulting services and other all-round CITIC-branded services
featured with the most efficient and economical solutions.
The company has, up to now, set up branches in Algeria, Angola,
Venezuela, Brazil, Argentina, Uzbekistan, Kazakhstan, Belarus,
South Africa, Kenya, Myanmar and a number of other overseas
markets.
