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Gazprom, Bank of China Sign $2.2 Billion, 5-year Loan

The Bank of China will give Gazprom a $2.2 billion, five-year loan, the Russian state-run energy company's largest loan agreement from a single credit institution. In a Thursday press release, Gazprom said this is the company's first loan deal with the Bank of China. Driven by China's growing energy needs, Beijing has been investing tens of billions of dollars abroad to help other countries develop their natural gas resources that can then be exported to China. In May...

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