(bne) - China Investment Corporation’s acquisition of a stake in KazMunaiGas Exploration Production and the opening of a pipeline linking oil-rich western Kazakhstan to the Chinese border meant it was inevitable that China’s grasp of Kazakh natural resources would be the hot topic at this year’s Kazakhstan International Oil and Gas Exhibition (Kioge) conference.
(SRI) - China Investment Corp (CIC), China’s sovereign wealth fund, said on Wednesday it had purchased an 11-percent stake in KazMunaiGas Exploration Production (KMG EP), the London-traded arm of the Kazakh national oil and gas company.
(SRI) - Kazakhstan has completed the construction of its segment of the so-called Central Asia – China pipeline, connecting gas-rich Turkmenistan to western China, Reuters reported.
(SRI) - Kazakhstan reportedly plans to construct a five-star hotel on the Chinese island of Hainan.
(SRI) - Kazakhstan’s KazStroyService has completed the construction of the Kenkiyak-Kumkol pipeline, giving China direct access to Kazakhstan’s oil provinces in western Kazakhstan, Reuters reported citing an announcement by KazStroyService.
(SRI) - CNPC’s recent purchase of a 50-percent stake in MangistauMunaiGas will increase its total share of oil production in Kazakhstan to 22 percent, a local financial newspaper reported citing government data.
(AP) - China will lend energy-rich Turkmenistan $3 billion to develop its vast South Yolotan natural gas field, Turkmen state media reported Saturday.
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(AFP) - Kazakhstan on Wednesday signed a deal that would see it build nuclear power plants for China, as well as provide its energy-hungry neighbour with more than 24,000 tonnes of uranium.
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(SRI) - KazMunaiGas (KMG), the Kazakh national oil company, and CNPC Exploration and Development Company (CNPC E&D) signed an agreement to jointly acquire the production assets of MangistauMunaiGas, an independent Kazakh producer.
(Reuters) - Kazakhstan is working with China to ink more deals in both energy and non-energy sectors following this week’s $10 billion oil-for-loan deal, a senior Kazakh official said on Friday.