20.04.2009, 17:19 3214

PetroChina intends to purchase 50 % of MangistauMunaiGas shares

Chinese Oil Corporation PetroChina informed Kazakhstan on intention of purchasing 50 % of shares of JSC MangistauMunaiGas, the agency reports citing information resource k2kapital.

Almaty. April 20. Kazakhstan Today - Chinese Oil Corporation PetroChina informed Kazakhstan on intention of purchasing 50 % of shares of JSC MangistauMunaiGas, the agency reports citing information resource k2kapital.

According to the chairman of Chinese company, Zhang Jimin, the size of the deal is $1.4 billion.

As informed, last Friday Kazakhstan and China signed 11 agreements. According to the arrangement between the President of Kazakhstan, Nursultan Nazarbayev, and the chairman of the Peoples Republic of China, Hu Jintao, reached during the state visit of the head of the state to China, Beijing will grant Kazakhstan the loan of $10 billion. The government of Kazakhstan agreed to considerable investments of the Chinese capital into MangistauMunaiGas, which will increase oil extraction.

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