Home > Turkmenistan > China loans Turkmens $4bln in exchange for gas

Saturday 7 May 2011

China loans Turkmens $4bln in exchange for gas


  0 forum post

China agreed Tuesday to extend energy-rich Turkmenistan an extra $4.1 billion in credit, a loan that officials said will be paid off with future supplies of natural gas. State energy company Turkmengaz said the funds will be used to boost Turkmenistan’s export potential and develop the vast South Yolotan field in the east of the country. The loan puts Turkmenistan in further debt to China, which in 2009 issued the Central Asian nation soft credit worth $4 billion.

View online : Source article

Any message or comments?


This forum is moderated before publication: your contribution will only appear after being validated by an administrator.

Who are you?
Your post

To create paragraphs, just leave blank lines.