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Sovereign Wealth Funds Briefing - Categorized | Financials

Kazakh National Fund to provide $4 bln loan for Kashagan oil&gas field

Posted on 01 March 2012

Kazakhstan on Wednesday approved a plan to lend state oil and gas company KazMunaiGas $4 billion from its windfall oil fund to help develop the massive Kashagan oilfield in the Caspian Sea.
The National Fund, which held more than $45 billion at the end of last month, will issue bonds to help KazMunaiGas finance its participation in Kashagan, the biggest oil discovery in more than 40 years………………………………………..Full Article: Source


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