Last week SOCAR and Itochu Corporation have held talks on the perspectives of participation of the Japanese company in the project of creation of a new gas refining and petrochemical complex (OGPC) in Azerbaijan, reported SOCAR.
SOCAR reported that this issue has been discussed at the meeting between the SOCAR delegation led by its President Rovnag Abdullayev and Itochu Senior Vice President, chairman of the Japanese-Azerbaijani Committee on Economic Cooperation Yoichi Koibashi and Itochu Executive Director Takashi Yasuda.
SOCAR’s President Rovnag Abdullayev has also had a meeting with Isao Iiidzima, Envoy for Special Affairs of Japanese Premier, during which he has expressed interest of participation of the Japanese companies in the projects implemented in Azerbaijan. Total cost of the OGPC Phase 1 is estimated at $7 billion ($8.45 billion considering credits interest rates).
