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Overview

China pledges to loan $230 million to Sudan in oil and gas projects

Commitments (Constant USD, 2023)$319,083,087
Commitment Year•2009Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 17, 2009

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Sudan

Implementing agencies

Government Agencies

  • Sudan Ministry of Energy and Mineral Resources

State-owned companies

  • China National Petroleum Corporation (CNPC)

Loan desecription

China pledges to loan $230 million to Sudan in oil and gas projects

Interest type•Unknown

Narrative

Full Description

Project narrative

On November 17, 2009, it was reported that China signed an agreement loaning $230 million to the Government of Sudan for unspecified oil and gas projects. It is unclear whether these funds were actually committed or disbursed. At the same meeting, officials signed an 80 million RMB grant (see Record ID#2449).