The agreement aims to develop cooperation in procurement and supply chain management.
SOCAR and China Petroleum & Chemical Corporation (Sinopec Corp.) have signed a strategic cooperation memorandum in Shanghai. The companies plan to share information on supplier resources and work on supply chain management strategies.
Author: Робот Source: State Oil Company of Azerbaijan
SOCAR and China Petroleum & Chemical Corporation (Sinopec Corp.) have signed a memorandum on strategic cooperation in Shanghai, China.
The document was signed by SOCAR Vice President Fuad Musayev and Sinopec Corp. Vice President Li Yuxing.
The memorandum aims to develop cooperation in procurement and supply chain management. The companies will exchange information about supplier resources and work on supply chain management strategies.
The agreement also provides for sharing experience and best practices, as well as exploring opportunities to include each other’s products, equipment and services in their procurement and supply chains. The parties may also cooperate in other areas they agree on.
Translated from Azerbaijani using artificial intelligence. Source: State Oil Company of Azerbaijan
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