one belt and road products oil extraction machine in afghanistan

                                               
                                               
                                               
                                               
                                               
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  • Will China drill for oil in Afghanistan?
  • Afghanistan's Taliban government is to sign a contract with a Chinese firm to drill for oil in the country's north, which would make it the first major energy extraction agreement with a foreign firm since the Taliban took control of Afghanistan in 2021.
  • Which company will the Taliban sign the oil extraction contract with?
  • Afghanistan's Taliban-led administration is to sign a contract with Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) to extract oil from the Amu Darya basin in the country's north, the acting mining minister said on Thursday.
  • Who signed the oil extraction deal with Afghanistan?
  • The oil extraction deal was signed by a representative of China National Petroleum Corporation (CAPEIC) and Afghanistan's acting Minister of Minerals and Petroleum Sheikh Shahabuddin Delawar during the signing ceremony in Kabul.
  • Did China sign oil deal with Taliban in Afghanistan?
  • On Jan. 5, the Taliban-led government in Afghanistan announced the signing of an oil extraction deal with a Chinese company in the presence of the Chinese Ambassador to Afghanistan, Wang Yu, and Afghanistan's acting Minister of Mines and Petroleum, Shahbuddin Dilawa.
  • Where is the oil in Afghanistan located?
  • The oil in Afghanistan is located at the Amu Darya basin in the northern provinces of Faryab and Sar-e Pul. China's state-owned company National Petroleum Corp (CNPC) signed a contract with Afghanistan's previous, U.S.-backed government in 2012 to extract oil there. At the time, up to 87 million barrels of crude were estimated to be in Amu Darya.
  • How will the China-Afghanistan oil deal work?
  • Under the deal, Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) will invest $150 million a year in Afghanistan, increasing to $540 million in three years for the 25-year contract. This project serves as a model for China-Afghanistan cooperation in major projects in energy and other fields.