(EnergyAsia, September 29, Tuesday) — China National Petroleum Corp (CNPC) has been granted a US$30 billion five-year loan to further its expansion abroad. China Development Bank will provide the loan to the state-owned Chinese oil and gas firm at a discounted rate under an agreement signed recently. “The credit agreement is of great importance for…
CHINA: CNPC granted US$30 billion five-year loan for overseas investments
Posted on September 28, 2009 by EnergyAsia