Chinese Firm Signs Deal With Taliban to Produce Oil in Afghanistan
- Deal will aid Afghanistan’s crippling economy, Taliban say
- Taliban-run administration will get 15% royalty fees
Shahabuddin Dilawar, Mullah Abdul Ghani Baradar and Wang Yu in Kabul, Afghanistan on January 5.
Photographer: Ahmad Sahel Arman/AFP/Getty ImagesThis article is for subscribers only.
The Taliban-led administration in Afghanistan signed its first international contract Thursday to extract oil from the northern Amu Darya basin as the beleaguered group seeks to increase revenue.
The agreement with a subsidiary of China National Petroleum Corporation, was inked in Kabul in the presence of Chinese Ambassador to Afghanistan, Wang Yu, and the Taliban’s Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar