4 Apr 2024 13:42

SOCAR intends to participate in oil refinery expansion project in Congo

BAKU. April 4 (Interfax) - Azerbaijan and Congo signed a package of documents aimed at expanding bilateral cooperation following high-level negotiations on Thursday in Baku.

Azerbaijani President Ilham Aliyev held both tete-a-tete and expanded negotiations with Congolese President Denis Sassou Nguesso on Thursday, a statement on the Azerbaijani leader's website said.

The State Oil Company of Azerbaijan (SOCAR) and the National Oil Company of the Congo signed an agreement on conditions for the development and expansion of the Congolaise de Raffinage oil refinery. In addition, the companies signed a memorandum of understanding in the educational sector.

A protocol of intent was also signed between the Ministry of Ecology and Natural Resources of Azerbaijan and the Republic of Congo's Ministry of Environment and Sustainable Development on cooperation in the field of the environment, sustainable management of natural resources and climate change.

Aliyev and Sassou Nguesso signed a declaration of cooperation between Azerbaijan and Congo.

Congolaise de Raffinage specializes in the processing of light oil, its website says. The refinery's capacity is 1 million tonnes of oil per year. Production started in 1982.