China has provided a loan to Kazakhstan for $ 10 billion.

China Kazakhstan will provide a loan of 10 billion dollars. Half of them will leave in the energy sector. The Chinese state oil company CNPC will provide a credit line of $ 5 billion of Kazakh national oil and gas corporation Kazmunaigas, reports AFP.
In addition, CNPC has agreed on a joint with KazMunayGas "redemption shares" Mangistaumunaygaza "from the Indonesian Central Asia Petroleum. Previously, it was reported that China Development Bank has provided Kazakhstan State Development Bank loan of 100 million dollars.
Since autumn last year, Chinese State-owned corporations and banks to acquire shares in foreign companies, as well as provide them with stabilization credits. The greatest interest among the representatives of China are primary assets. In particular, Chinalco has acquired shares in the mines of Australia. In addition, China agreed with Russia on the 20-year guarantee of oil supplies in exchange for a loan of 25 billion, Rosneft and Transneft.
Many of the oil and gas sector because of the credit crisis and a sharp drop in oil prices experienced a shortage of funds, forcing them to seek outside investors. Recall that the price of oil over the past year, down from a record 147 dollars to 50 dollars per barrel.