Afghanistan’s acting first deputy prime minister Abdul Ghani Baradar (left) and China’s ambassador to Afghanistan Wang Yu attend a press conference to announce an oil extraction contract with a Chinese company in Kabul on January 5, 2023. Photo: AFP
Chinese firm signs deal with Taliban to produce oil in Afghanistan
- Xinjiang Central Asia Petroleum and Gas will invest up to US$150 million in the first year and US$540 million over the subsequent three years
- The Taliban will earn 15 per cent royalty fees from the 25-year contract, with daily oil production to start at 200 tonnes and rise to 1,000 tonnes
Afghanistan’s acting first deputy prime minister Abdul Ghani Baradar (left) and China’s ambassador to Afghanistan Wang Yu attend a press conference to announce an oil extraction contract with a Chinese company in Kabul on January 5, 2023. Photo: AFP
