China Strikes A Deal To Get Oil From The Taliban
China Strikes A Deal To Get Oil From The Taliban Jack McEvoy on January 6, 2023 A subsidiary of a Chinese state-run energy firm signed a deal Thursday to extract oil in the Taliban-run Islamic Emirate of Afghanistan. Xinjiang Central Asia Petroleum and Gas, a subsidiary of the state-run Chinese National Petroleum Corporation, will invest up to $150 million annually, which will increase to $540 million in three years, to pump oil in the Amu River Oil Basin, according to a statement released by the Taliban government. The contract, which represents the Taliban administration’s first international energy deal, was signed