| 01.03.2012 - Kazakh National Fund to provide $4 bln loan for Kashagan oil&gas field |
| 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 |