(EnergyAsia, July 8, Wednesday) — China has sealed another “loan-for-oil” deal, this time with Kazakhstan. China’s state-owned China National Petroleum Corp (CNPC) has agreed to grant a US$5 billion loan to Kazakhstan’s KazMunaiGaz. At the same time, the Chinese government will lend an additional US$5 billion to state Development Bank of Kazakhstan for oil projects…
KAZAKHSTAN: China lands another major oil deal through $10 billion loan
Posted on July 7, 2009 by EnergyAsia