Chinese company signs oil extraction deal with Taliban

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The ruling Taliban in Afghanistan have signed a deal with a Chinese company to drill for oil in the Central Asian country.

The agreement with China’s Xinjiang Central Asia Petroleum and Gas is the first major international energy extraction deal the Taliban have signed since taking control of Afghanistan in 2021, according to CNN. The drilling will take place in northern Afghanistan’s Amu Darya basin."The Amu Darya oil contract is an important project between China and Afghanistan," China's Ambassador to Afghanistan Wang Yu told a news conference in the capital Kabul.

Taliban’s Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar said the deal is in Afghanistan's best interests. “In terms of natural resources, Afghanistan is a wealthy nation. In addition to other minerals, oil is the wealth of the Afghan people on which the economy of the country can rely,” Baradar said.

The deal will last 25 years and emphasizes China's investment in the region. A Chinese state-owned company is also in talks over the operation of a copper mine in the east of the country, per BBC News.Over 60% of Afghanistan's population was estimated to be in dire need of humanitarian assistance, such as medical supplies and food, the United Nations Office for the Coordination of Humanitarian Affairs warned in early 2022.

 

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Better with them than RUSSIANS.

razingarizona 'Nature abhors a vacuum'

POTUS thank you Big Guy! - Love China 🇨🇳

I seem to remember when the US involvement in Afghanistan was to take their oil.

China getting a little desperate?

Billion$ going to the Taliban and we gave wide open borders

Thanks Joe - You could have supplied this oil. Now we have the Chinese financing this terrorist group.

And Biden paved the way.

Thank Biden for giving the Taliban pallets of cash, weapons, ammunition, and vehicles.

Way to go Joe!

Maybe someone can ask John Kerry about how his negotiations are going with china in regards to his green new deal ? Wasn’t it trump who said we should take Iraq’s oil for helping them years ago ?

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