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Sovereign Wealth Funds Briefing - Categorized | Market

China’s birthday present: More resources

Posted on 02 October 2009

From Theglobeandmail.com: Sovereign wealth fund China Investment Corp. sealed a deal yesterday to acquire an 11-per-cent stake in KazMunaiGas Exploration and Production, Kazakhstan’s second-largest oil producer.

Also this week, the Nigerian government confirmed that government-controlled China National Offshore Oil Corp. has made a pitch to buy up to six billion barrels of Nigeria’s crude oil reserves in a deal that could be worth as much as $30-billion (U.S.)……………..Full Article: Source

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