Afghan oil extraction is agreed upon by the Taliban and a Chinese company.

To dig for oil in Afghanistan’s north, the Taliban government will negotiate a contract with a Chinese company.

Afghan oil extraction is agreed upon by the Taliban and a Chinese company.
Afghan oil extraction is agreed upon by the Taliban and a Chinese company.

Since the Taliban took over control of Afghanistan in 2021, this would be the first significant energy extraction arrangement with a foreign company.

The 25-year agreement highlights China’s economic presence in the area.

Officials from the Taliban said on Thursday that security personnel had attacked members of the Islamic State group who had assaulted a guesthouse frequented by Chinese businessmen.

The Taliban reported that eight IS members were killed and numerous more were detained.

At least three individuals were killed and 18 others were hurt in the Kabul Longan Hotel bombing in December, including five Chinese nationals.

According to Taliban spokesperson Zabihullah Mujahid, the oil extraction agreement will allow Xinjiang Central Asia Petroleum and Gas Company (CAPEIC) to conduct oil drilling in the Amu Darya basin.

At a press conference in the Afghan capital of Kabul, Wang Yu, China’s ambassador to Afghanistan, said, “The Amu Darya oil contract is a significant enterprise between China and Afghanistan.”

A copper mine in the country’s east may be operated by a state-owned enterprise in China.

 

Related Posts

Aviation Products Liability Insurance: Protecting Manufacturers

Aviation products liability insurance is a specialised type of insurance designed to protect manufacturers of aviation products from liability claims arising from defects or malfunctions in their products. This insurance…

Read more

Continue reading
GHACEM’s Price Reduction: A Boost to the Construction Industry

In a significant development for the construction industry and consumers, GHACEM has reduced the price of its cement from GHS 120 to GHS 82 per bag. This substantial price drop…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

  • By djfly
  • June 19, 2025
  • 20 views
ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

  • By Gossip
  • June 12, 2025
  • 9 views
Government Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory Breaches

Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

  • By Gossip
  • June 9, 2025
  • 11 views
Understanding the Rejection of Kennedy Agyapong’s $20m Property by EOCO

Unraveling the GH₵50 Million Controversy: Wontumi’s Response

  • By Gossip
  • June 8, 2025
  • 19 views
Unraveling the GH₵50 Million Controversy: Wontumi’s Response

I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

  • By Gossip
  • June 4, 2025
  • 15 views
I’ve Been Quietly Cooperating with NIB” – Dr. Opoku-Prempeh

Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice

  • By djfly
  • June 2, 2025
  • 23 views
Ghana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red Notice