By Hazem, Jose, Manuela, Yazid and Phannipa
Monday, 20 August 2007
Kazakhstan and China sign oil and gas pipelines agreement
Kazakhstan and China signed an agreement to transport oil and gas from Kazakhstan to China. They found a new oil ressource near the Caspian Sea. Kazakhstan will be the main supplier of gas and oil to China. Russia is unhappy with this because it could affect their business with China. America and the west want Kazakhstan to sell some of this oil to them. They agreed to transport not more than 400,000 barrels a day. China rewarded Kazakhstan by signing an agreement of $292.8m to invest in Aluminum Smelter.
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1 comment:
very informative. But what do you think about this?
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