Project ID: 92151

CDB provides $1.05 billion loan to Vietnam Oil and Gas Group (Petrovietnam) for unspecified purposes.

Commitment amount

$ 1462363282.5860522

Adjusted commitment amount

$ 1462363282.59

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Vietnam

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-01-01

Geography

Description

In 2010, China Development and Vietnam Oil and Gas Group (Petrovietnam) — a state-owned oil and gas company in Vietnam — signed a $1.05 billion loan agreement for unspecified purposes. The borrowing terms of the loan are unknown. AidData independently confirmed the existence of this loan agreement via correspondence with a Beijing-based law firm that served as an adviser on the transaction.

Number of official sources

0

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

Vietnam Oil and Gas Group (Petrovietnam or PVN) [State-owned Company]

Loan Details

Bilateral loan