CNPC pledges to grant $300,000 USD to Aktobe region for rural strustrucre development (Linked to Record ID#40704)

$300K USD

Funder	China National Petroleum Corporation (CNPC)
Recipient Organization	Government of Kazakhstan
Country	Kazakhstan
Start Date	Mar 25, 2005
End Date	Mar 01, 2033
Duration	10,203 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40705`

Grant 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 Record ID#40704)

📚 Sources & References

CNPC-Aktobe and Aktobe region of Kazakhstan signed a memorandum of cooperation Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.