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by Zou himfr

China National Petroleum Corporation (China National Petroleum Corp, for short: China National Petroleum Corporation) transmitted Friday that the state-owned oil and gas Kazakhstan has signalled a background harmony on oil-for-loans, will exercise the total measure of five billion U.S. dollars of hires for with the Central Asian places to enlarge oil and gas opportunities for cooperation between industries.

This is the year in China since the signing of the fifth hire harmony for oil. As component of the harmony, China National Petroleum Corporation will be another oil and gas demonstration in Kazakhstan's component of the shares. CNPC did not deliver more learning on the items of the acquisition transaction.

Since the innovation of this year, China has signalled with three places higher to the total measure of 39 billion U.S. dollars of loans-for-oil agreement. February 17 this year, China and Russia signalled a total finance of 25 billion U.S. dollars for the loans-for-oil agreement. China's State Development Bank is engrossed to the Russian oil industry businesses (Rosneft) and the Russian pipeline carrying business (Transneft) deliver 15 billion and 100 million dollars worth of hires adapted to encourage oil and natural gas resources in Siberia to the Chinese suppliers.

February 18, China and Brazil marked a 10 billion U.S. dollars of loans-for-oil affirmation, China's State Development Bank, the Brazilian state-owned oil business Petrobras to supply 10 billion U.S. dollars of borrowings in exchange for a stable provide of the future. Under the affirmation, Petrobras will be the market cost of trade items to China every day 100000-160000 barrels of crude oil.

February 21, China and Venezuela marked four billion U.S. dollars the allowance of the loans-for-oil agreement. China's State Development Bank of Venezuela state oil business PDVSA to four billion U.S. dollars to supply borrowings in exchange for a firm promise to a steady provide of the latter.

March 13 between China and Angola signalled a one billion U.S. dollars the measure of the loans-for-oil agreement. Angola since the end of 2002 lasted for 22 years since the civil war, China has granted to Angola a total of come seal five billion U.S. dollars of oil-related loans.

Kazakhstan signed together with five billion U.S. dollars of loans-for-oil agreement, this year China used oil on the loans for a total funding of up to 45 billion U.S. dollars

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