On Wednesday, China Investment Corp. told that it has invested a sum of $1 billion in Kazakhstan's second-largest oil producer, the newest in a series of recent acquisitions by China in the natural resource space.

CIC which was formed in the year 2007 with $200 billion drawn from the nation's foreign exchange reserves told that it was from July that it began purchasing the stake and has invested $939 million.

Following China National Petroleum Corp.'s agreement in April to capture MangistauMunaiGas together with KazMunaiGas in a deal which involved a loan of $5 billion, the deal is also the newest by a Chinese entity in Kazakhstan. 

Chinese State companies Citic Resources and China Petroleum & Chemical Corp., also recognized as Sinopec, hold major stakes of their own in many Kazakh oil producers.

"The deal by CIC comes after the company announced earlier in September it would take a 14.5% stake in commodity supply chain company Noble Group," said a source.