The Taliban government is going to make a major deal with a Chinese company for oil exploration in the northern part of Afghanistan. The duration of the agreement will be 25 years.
China’s Xinjiang Central Asia Petroleum and Gas Company (COPEIC) will conduct oil exploration drilling in Afghanistan’s Amu Darya Basin. British media BBC reported this information in a report on Thursday.
It will be the first major deal with a foreign company in energy exploration since the Taliban took control of the country in 2021.
Chinese Ambassador to Afghanistan Wang Yu said at a press conference in Kabul that the Amu Darya oil deal is an important project between China and Afghanistan.
The country’s media reported that the Taliban government was in talks with a Chinese state-owned company about copper mining operations in eastern Afghanistan.