Overview

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

Commitment Year•2007Country of Activity•TurkmenistanDirect Recipient Country of Incorporation•TurkmenistanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 17, 2007

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 Turkmenistan

Loan description

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

Interest rate (t₀)•0%Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

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.

Staff comments

Further loan details are unknown.