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Sovereign Wealth Funds Briefing - Categorized | Investment

China’s investments in Central Asian energy

Posted on 11 December 2009

From Reuters: China Investment Corp (CIC) bought an 11 percent stake in KazMunaiGas Exploration and Production, an upstream arm of Kazakh state energy firm KazMunaiGas,for $939 million in October.

KazMunaiGas EP produced 12 million tonnes of oil in 2008 and is one of Kazakhstan’s top three producers. The total volume of its proved and probable reserves, as at the end of 2008, is 241 million tonnes (1.8 billion barrels)………………………………Full Article: Source

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