China Petroleum, Kazakhstan Discuss Oil for Investment

Bloomberg reported that China National Petroleum Corp’s president and Kazakhstan’s president had a meeting to discuss a program that would boost investment in China’s energy sector in exchange for resources.

As quoted in the market news:

The program would provide “access to resources in exchange for investments in oil service and processing projects,” according to statement on on Kazakhstan’s presidential website. The countries share “dynamic relations” in the oil and gas sector, Nazarbayev said during a visit to China, in which he also met with Chinese President Xi Jinping.

Click here to read the full Bloomberg report.