Azerbaijan's state oil company SOCAR and China National Petroleum Corporation (CNPC) have signed a memorandum of understanding on cooperation in the oil-gas and petrochemical spheres.
The document was signed by SOCAR President Rovnag Abdullayev and CNPC Vice president Wang Shihong.
The signing of document was held within the visit of the member of the Politburo Standing Committee of the Communist Party of China, Senior Vice Premier of the State Council of China Zhang Gaoli.
An agreement between the Azerbaijani and Chinese governments on technical and economic cooperation was also signed. The document was signed by Azerbaijan's Deputy Prime Minister Abid Sharifov and China's Vice Minister of Commerce Zhong Shan.
The signing of documents was held with the participation of Azerbaijan's Prime Minister Artur Rasizade and Senior Vice Premier of the State Council of China Zhang Gaoli.