Project ID: 69431

Chinese Government provides interest-free loan to Turkmenistan for purchase of Chinese drilling rigs for natural gas exploration and development

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Turkmenistan

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2007-07-17

Description

During the visit of President of Turkmenistan Gurbanguly Berdimuhamedow to China on July 17 and 18, 2007, the Chinese Government provided Turkmenistan with an interest-free loan for the purchase of Chinese drillings rigs. These rigs were intended to be used for the exploration and development of natural gas fields.

Additional details

Further loan details are unknown.

Number of official sources

2

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Turkmenistan [Government Agency]

Loan Details

Interest rate

0.0%

Bilateral loan

Interest-free loan

Investment project loan