Middle East Economic Survey


No 24



China Grants Turkmenistan $3Bn Loan For South Yolotan Gas Development

China has granted a $3bn loan to Turkmenistan to speed up the development of the South Yolotan gas field, which lies near the countrys southeastern border with Uzbekistan, the Neutral Turkmenistan newspaperreported on 6 June. South Yolotan has estimated gas in place of up to 14 trillion cu ms. Chinas CNPC is helping to build a pipeline to take gas from eastern...