Taliban government signs a 25-year contract with a Chinese company for the extraction of oil from Afghanistan’s Amu River basin and to develop an oil reserve in the country's north
According to the contract, the Chinese company will invest $150 million in the first year which will increase to $540 million in three years.
The first major foreign investment deal since the Taliban seized power in Kabul in 2021 was signed on Thursday by acting Minister of Mines and Petroleum Sheikh Shahabuddin Delawar and an official of Xinjiang Central Asia Oil and Gas Company in a ceremony held at the capital Kabul. “Recently, several projects were approved by the Economic Commission, and with their undertaking, fundamental steps will be taken for the prosperity of the country and public welfare,” state-run Bakhtar News Agency quoted Baradar as saying.
Speaking on the occasion, the Chinese envoy called the deal important for the economic growth of the war-torn country and a positive step towards close relations between Kabul and Beijing.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Afghanistan's Taliban in oil extraction deal with Chinese companyChina has not formally recognised the Taliban administration but it has significant interests in a country at the centre of a region important for its Belt and Road infrastructure initiative.
Leer más »
Nonprofit financed by billionaire George Soros quietly donated $140 million to political causes in 2021A George Soros backed nonprofit put $140 million into politically charged groups in the buildup to the 2022 midterm elections.
Leer más »
Nonprofit Financed by Billionaire George Soros Quietly Donated $140 Million to Political Causes in 2021A nonprofit financed by billionaire George Soros quietly donated $140 million to advocacy organizations and ballot initiatives in 2021, plus another $60 million to like-minded charities, CNBC reports
Leer más »
Man sentenced after stabbing Coatesville police officer in 2021A Lancaster County man has been sentenced for the 2021 stabbing of a Coatesville City police officer, a court ruled Wednesday.
Leer más »
Montgomery Police: 2022 Homicide Numbers Drop from 2021, 2020 - Alabama NewsThe Montgomery Police Department has released its homicide numbers for 2022, which show a drop from the previous two years. alnews alcrime montgomeryal alabamanewsnetwork
Leer más »