Azerbaijan to sell oil to China, establish floating oil tank in Thailand

SOCAR and China’s Zhen Rong Company have conducted negotiations on bilateral cooperation and signed a memorandum of agreement on export of AZerbaijani oil to China, during Abdullayev's visit to China, according to SOCAR.

Besides, SOCARs delegation and Thailand’s PTT Company met during the visit to Thailand.

The sides discussed the results of bilateral cooperation during past 5 years and appraised the perspectives for the period coming. As the result, the sides have signed memorandum on joint utilization of floating oil tank belonging to PTT, near Singapore. This project will increase the productivity of Azerbaijani oil export.


/APA/