CNPC pledges to grant $300,000 USD to Aktobe region for rural strustrucre development (Linked to #40704)
Pledged amount
$ 651070.0048842448
Adjusted pledged amount
$ 651070.0048842448
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
China National Petroleum Corporation (CNPC) [State-owned Company]
Recipient
Kazakhstan
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
On March 25, 2005, Chinese oil company CNPC-Aktobemunaygaz (the Kazakh subsidiary of China National Petroleum Corporation, CNPC) signed a memorendum of cooperation and pledged to allocate USD $300K for the development of rural infrastructure within the region of Aktobe oblast by the agro-food program. In addition, the company took upon itself the obligation to facilitate the development of small and medium-sized businesses in the Aktobe region. For this purpose "CNPC-Aktobemunaygaz" is ready to conclude a contract with local enterprises for the supply of equipment in Kazakhstan; to receive devices, tools, special clothes, food products, etc., "adhering to the principle of economic reciprocity." The same company pledged another $1 million to Aktobe region (see Project #40704)
Additional details
Number of official sources
1
Number of total sources
1
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Kazakhstan [Government Agency]