. . . China to Fund $800M Kazakh Pipeline
Reuters ALMATY, Kazakshtan -- The Kazakh state oil firm said Thursday its Chinese counterpart had agreed to finance an $800 million oil pipeline from western Kazakhstan to northwestern China and construction works would start in mid-2004.
The pipeline may become the first major oil supply link running from an ex-Soviet state to the giant, fast-growing energy consumer. Russian oil major Yukos has agreed with China to supply it with oil from Siberia, but Russia's government has not yet approved the proposed route.
The new pipeline is also seen as a major boon for landlocked Kazakhstan, which hopes to triple crude output to more than 3 million barrels per day . . .
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![](http://www.themoscowtimes.com/images/logo_article.gif)
AND
don't furget the EURO thing:
Different Article at
![](http://www.channelnewsasia.com/images_v1/top_logo.gif)
"Time is GMT + 8 hours
Posted: 09 September 2003 1329 hrs
China to start selling dollar, euro bonds in October: source
China is expected to start marketing its long-awaited global bond, its first international issue since May 2001, from around mid-to-late October, banking sources said.
The new issue is widely expected to consist of a 10-year US$1 billion dollar-denominated tranche and another five- or seven-year 500 million euro one.
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"The Chinese government is expected to market the dollar tranche of the bond in the US, Europe, and Asia, the sources said.
China last sold a global bond in May 2001, raising US$1 billion through a 10-year tranche and 550 million euro through a five-year offering.
With China's huge foreign reserves of around US$349.5 billion, it probably isn't seeking to raise funds but is tapping the international debt market to set a new, more liquid benchmark
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Now THIS should put a new wrinkle in the WH collective Butts ???