01.10.2009 - China keeps oil deals flowing with $1bn Kazakh acquisition
From Timesonline.co.uk: China moved to tighten its grip on Central Asia’s vast oil and gas resources yesterday by acquiring close to a $1 billion (£600 million) stake in one of Kazakhstan’s biggest oil producers. China Investment Corporation (CIC), Beijing’s sovereign wealth fund, which holds assets worth about $200 billion, bought the 11 per cent stake in KazMunaiGas Exploration and Production, a subsidiary of Kazakhstan’s national oil company....................Full Article: Source
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