New investment prospects take centre stage in Azerbaijan-China talks

Representatives from Azerbaijan Investment Holding and the State Oil Company of Azerbaijan (SOCAR) recently met with a delegation from China National Chemical Engineering Co., Ltd. (CNCEC), a subsidiary of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to discuss bilateral cooperation between the two nations.

The meeting focused on exploring prospects for increased cooperation and opportunities for joint investments between Azerbaijan and China, Caliber.Az reports via Azerbaijan Investment Holding.

During the discussions, participants reviewed potential new investment projects aimed at strengthening economic ties and expanding bilateral collaboration in various sectors. The talks marked a significant step toward fostering further investment partnerships between the two nations.

China National Chemical Engineering Co., Ltd. (CNCEC) is a major state-owned and publicly listed company in China, with its parent company, China National Chemical Engineering Group Corporation, overseen by the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC).

CNCEC specializes in engineering consultancy, prospecting, design, and EPC (Engineering, Procurement, and Construction) services across various industries, including fertilizers, chemicals, petrochemicals, refineries, power plants, environmental protection, and civil construction.

The company operates through 9 engineering design subsidiaries and 11 construction subsidiaries, and it holds a first-class, comprehensive qualification for general contracting, enabling it to undertake large-scale and complex projects.

By Vafa Guliyeva