Editor's note: Seymur Mammadov, a special commentator for News.Az, is the director of the international expert club EurAsiaAz. The article reflects the author’s personal opinion and does not necessarily represent the views of News.Az.

Azebaijan’s state oil company (SOCAR) and China’s Sinopec Engineering have signed a framework agreement to enhance cooperation between the two companies.

China’s refining giant Sinopec has diverted a supertanker carrying 2 million barrels of crude from its original destination at the Rizhao port in Shandong province following U.S. sanctions on the terminal, according to ship tracking data. The vessel, New Vista, chartered by Sinopec’s trading arm Unipec, was rerouted to Ningbo and Zhoushan for arrival on October 15.

Saudi oil giant Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) have commenced construction of a major integrated refining and petrochemical complex in Fujian Province, southern China.