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FACTBOX-China's energy ties with central Asia

 BEIJING, Sept 30 (Reuters) - Chinese sovereign wealth fund
China Investment Corp (CIC), fresh from a series of investments
in the global commodities sector, said on Wednesday it had
purchased a stake in a Kazakhstan oil and gas company.
 CIC said it paid $939 million for about 11 percent of the
Global Depositary Receipts (GDRs) of JSC KazMunaiGas
Exploration and Production RDGZ.KZ KMGq.L through its
wholly owned subsidiary, Fullbloom Investment Corporation.
[ID:nPEK69341]
 China's top oil and gas firm CNPC had 16 projects in
central Asia and Russia and top refiner Sinopec Group had 8, as
of the end of 2007, according to a report by CNPC.
 The following are some of the investments or proposed deals
made by China firms in central Asia in recent years.
 April 24, 2009 - CNPC agreed with Kazakhstan's state oil
firm KazMunaiGas to jointly buy oil producer MangistauMunaiGas
for $3.3 billion.  As part of the deal, China agreed to lend
Kazakhstan $10 billion in a "loan-for-oil" deal.
[ID:nPEK332461]
 April 4, 2009 -- China Guandong Nuclear Power Co (CGNPC)
and Kazakh state nuclear firm Kazatomprom plans to boost
uranium output in their joint venture.
 April 2008 -- Kazakhstan will support China in developing
oil and gas resources on the continental shelf of the Caspian
Sea, according to a joint communique by the two governments.
 June 2006 -- A subsidiary of China National Petroleum Corp.
(CNPC) planned to spend $210 million to look for oil and gas in
Uzbekistan over the next five years.
 April 2006 -- China agreed to buy 30 billion cubic metres
of gas from Turkmenistan through a new pipeline each year. Both
sides later agreed to expand the sales to 40 billion cubic
metres a year. Part of the pipeline is expected to be
operational by the end of 2009.
 2006 -- State-owned investment group CITIC bought the
Kazakh oil assets of Canada-based Nations Energy Co. Ltd. for
$1.9 billion. The cornerstone of those assets was the
Karazhanbas oil and gas field, which has proven reserves of
more than 340 million barrels and production of over 50,000
barrels per day.
 2005 -- CNPC International paid $3.96 billion to acquire a
33 percent stake in PetroKazakhstan.
 1997 -- Kazakhstan and China agreed to build a 3,000 km
crude oil pipeline and would later double the capacity of the
combined pipeline to 20 million tonnes a year.
 (Reporting by Jim Bai and Chen Aizhu; Editing by Clarence
Fernandez)



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