Chinese company ventures into Afghanistan in oil extraction deal

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Malaysia News News

It will be the Taliban’s first large commodities mining transaction since taking power

The flags of China and the Islamic Emirate of Afghanistan in Kabul. Picture: ALI KHARA/REUTERS

It underscores neighbouring China’s economic involvement in the region even though the Islamic State militant group has targeted its citizens in Afghanistan. “The Amu Darya oil contract is an important project between China and Afghanistan,” China’s ambassador, Wang Yu, told the news conference. The Taliban-run administration will have a 20% partnership in the project, which can be increased to 75%, he added.

Acting deputy prime minister Mullah Baradar told the news conference another Chinese company, which he did not identify, did not continue extraction after the fall of the previous government so the deal was struck with CAPEIC.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid measures: Calls to impose travel restrictions on Chinese travellers ‘extremely disappointing’, says global airline industryThe International Air Transport Association has labelled calls for imposing Covid testing and other restrictions on travellers from China as ‘extremely disappointing’ and a knee-jerk reinstatement of measures that have proven ineffective over the past three years. Iata values profits above human lives i will always be thankful to God for giving me a reliable source no more lost,. through Brandonkaren11 Bitcoin mining investment platform
Source: dailymaverick - 🏆 3. / 84 Read more »

Chinese take risks on black market drugs as Covid-19 surges | The CitizenSome of China's desperate people have spent thousands on Covid medicines that never arrive.💊 Click here to read more👇 I never believe in earning money online before but since I started seeing different people testifying about Randy_Fxhelps ,i was so interested in investing with him because all friends who Invested have all received their profits successfully and so do I Dm 👇 Randy_Fxhelps
Source: TheCitizen_News - 🏆 6. / 75 Read more »

UN Security Council to meet on Taliban ban on female aid workers - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The United Nations Security Council is due to meet privately next week to discuss a decision by Afghanistan’s Taliban-led administration to ban female humanitarian aid workers, diplomats said Wednesday. The UN that let's this pass? What about this you hypocrites?
Source: SABCNews - 🏆 37. / 51 Read more »