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Afghanistan signs oil extraction deal with Chinese company
The contract is the first major foreign investment deal since the Taliban seized power in Kabul in 2021.Afghanistan’s Taliban-led administration has signed a contract with a Chinese company to extract oil from the Amu Darya basin and develop an oil reserve in the country’s northern Sar-e Pul province.
The contract was signed on Thursday by acting Minister of Mines and Petroleum Sheikh Shahabuddin Delawar and an official of Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) in a ceremony held in capital Kabul.
It was the first major public commodities extraction deal the Taliban administration has signed with a foreign company since taking power in 2021.Acting Deputy Prime Minister Mullah Abdul Ghani Baradar and Chinese ambassador to Afghanistan Wang Yu also witnessed the signing ceremony, state-run Bakhtar News Agency reported.– Al Jazeera