/s
Posted on 01/08/2023 2:11:12 PM PST by george76
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 in the presence of the Taliban’s Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar and the Chinese Ambassador to Afghanistan Wang Yu.
The Taliban government will receive a 15% royalty fee and oil production will begin at 1,000 tons per day, eventually hitting 20,000 tons, Omid Khurram, a spokesman for the country’s ministry of mines and petroleum, told Bloomberg. The oil project, which is located in a basin that holds more than 80 million barrels of crude oil, will directly provide jobs to 3,000 Afghans, according to CNN.
Although no country has officially recognized the Islamic Republic of Afghanistan, China has maintained close economic ties and will benefit from a recently built trade route between the two states, according to the Taliban’s Ministry For Economic Affairs. China is attempting to secure its energy supply chains and ramp up domestic power production to avoid supply shortages, the state-affiliated Global Times reported Wednesday.
The United Nations condemned the Taliban in December after the Islamic fundamentalist group banned Afghan women from attending university. Multiple foreign governments, including the United States, have refrained from officially recognizing the Taliban administration until it reverses its stance on women’s education, according to Reuters.
Stevie Wonder saw this coming.
Well, this should have a wonderful outcome.
Can we get in on this. I mean individually. 😲👍
We need to stop buying things from China.
So, are they transporting the oil in military vehicles we lost track of?
FJB
What is that paper worth?
Sort of news. China signed an oil deal with the local Afghan warlord in the same place a decade ago.
Now with relative peace, the Chicoms can restart their Belt and Road plans for Central Asia.
/s
We never should have started, but saving $.10 on communist made paint brushes meant more to us than jobs for our Veterans and kids, our own infrastructure, and protecting our technology.
Now the communists are stealing our technology and using it to modernize their military while we had to borrow billions of the money we sent over there to bail out our auto industry (what's left of it), and each of us owes about 80K in national debt.
And after all of that, where are those low prices the free traitors promised the consumers?
Just wait until their lithium resources are tapped.
imagine the ease of it all without an EPA and our globul warming karens on their back...
Xi already has his people working in Africa on that deal.
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