OilPrice.com: Taliban Signs Oil Deal With Chinese
The Taliban’s signing of an international oil deal with the Chinese was televised on Thursday–its first international agreement since it took over Afghanistan in August 2021, according to the Diplomat.
The Taliban struck a 25-year deal with China-based Xinjiang central Asia Petroleum and Gas Co (CAPEIC) for the Amu Darya oil project.
Under the terms of the deal, CAPEIC will invest $150 million per year over the next three years in Afghanistan, then $540 million per year for the next 22 years. The Taliban will carry a 20% share in the project but will have the option to increase its stake to 75%.
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WNU Editor: It looks like US pressure is not working …. US Warns of Costs if Taliban Do Not Reverse Bans on Women (VOA).
Afghan Taliban Sign Oil Deal With China