Taliban sign oil production deal with China

[beijingwalker]

Taliban sign oil production deal with China​

The signing ceremony took place in presence of the Chinese envoy to Afghanistan Wang Yu, and other high-ranking Taliban officials, including Abdul Ghani Baradar, the acting deputy prime minister for economic affairs.​

---

05-01-2023 23:10 IST

Last year in July, Chinese Foreign Minister Wang Yi met with Taliban representative in Tianjin.

The Taliban announced a deal with Chinese company Xinjiang Central Asia Petroleum and Gas (CAPEIC) on Thursday to enable oil extraction in the Amu Darya basin in northern Afghanistan, TOLOnews reported. The signing ceremony took place in presence of the Chinese envoy to Afghanistan Wang Yu, and other high-ranking Taliban officials, including Abdul Ghani Baradar, the acting deputy prime minister for economic affairs.

Taliban's acting minister of mines and petroleum, Shahabuddin Delawar, said the first three years will be exploratory and that more than USD 450 million will be invested in this period. "The first three years are exploratory. In this period, 4,500 square kilometers will be under the project in three provinces, including Sar-e-Pul, Jawzjan and Faryab. At least 1,000 to 20,000 tons of oil will be extracted," he was quoted as saying by TOLOnews.

Baradar requested China's CPEIC to implement the required norms for the extraction of the oil. "We request the Chinese company to extract the oil based on international measures. The company will have the support of government institutions," he said.

According to The Khaama Press News Agency, Oil will be produced in the northern provinces of Faryab, Jowzjan and Sar-e Pol, starting with 1,000 tonnes a day. The Taliban-run administration will initially have a 20 per cent stake in the project, which will be gradually increased to 75 per cent to match the rising output.

The Afghan news agency added that the Taliban expects to create 3,000 jobs with this project. The Taliban took over Afghanistan in August 2021 and imposed policies severely restricting basic rights, according to Human Rights Watch. They dismissed all women from leadership posts in the civil service and prohibited girls in most provinces from attending school and higher institutes.

This comes as foreign investment in Taliban-ruled Afghanistan is almost zero since the Islamic outfit's takeover in August 2021. According to the Khaama report, the Taliban is desperately knocking on every single door to attract foreign investment to the country.

Taliban sign oil production deal with China | International

The signing ceremony took place in presence of the Chinese envoy to Afghanistan Wang Yu, and other high-ranking Taliban officials, including Abdul Ghani Baradar, the acting deputy prime minister for economic affairs.

www.devdiscourse.com

 

[beijingwalker]

Taliban Seal Afghan Oil Deal With China​

FILE - Taliban official Shahabuddin Dilawar gestures during a news conference in Moscow, Russia, July 9, 2021. Now the group's mining minister, Daliwar has hailed an investment deal it closed with China on the extraction of oil in northern Afghanistan.

January 05, 2023 1:01

ISLAMABAD —
Afghanistan’s ruling Taliban signed their first international agreement with a Chinese petroleum company Thursday to extract and develop oil reserves in the country’s north.

Senior Taliban officials and China’s ambassador to Kabul, Wang Yu, witnessed the televised signing ceremony in the Afghan capital, marking the first major foreign investment deal in Afghanistan since the Islamist group seized power in August 2021.

Taliban mining minister Shahabuddin Dilawar told the event the contract with the Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) would bring $150 million a year in Chinese investment for the extraction of oil in the Amu river basin.

The deal covers an area of 4,500 square kilometers collectively in northern Saripol, Jowzjan and Faryab provinces, creating job opportunities for around 3,000 Afghans, he said.

Dilawar stated that the Chinese investment is expected to increase to $540 million in three years for the 25-year contract. He added the Taliban administration will have a 20% partnership in the project, with a provision to increase it to 75%.

The Chinese ambassador hailed the “successful” signing ceremony, calling it a good start for promoting bilateral relations between Beijing and Kabul.

“The Amu Darya [River] oil project is an important project of practical cooperation between China and Afghanistan,” Wang said.

"The progress of this project has created a model for China-Afghanistan cooperation in major projects in energy and other fields,” he said.

Wang urged the Chinese company to “strictly abide by the laws of Afghanistan” while fulfilling its responsibilities and obligations in line with the contract.

“At the same time, I also believe and hope that the Afghan side take practical and effective measures to ensure a smooth and secure operation of the project … so as to enhance confidence for more foreign investors to develop their business and Afghanistan.”

The Chinese state-owned National Petroleum Corp signed a similar contract with the U.S.-backed former Afghan government to extract oil at the Amu Darya basin.

Dilawar asserted the previous contract could not be executed because it had “lots of problems.” He did not explain and said his administration redrafted the document to address the issues and it was resigned with the CAPEIC on Thursday.

The Taliban minister said the crude oil would be processed inside Afghanistan under the deal, suggesting the Chinese company would build a refinery in the country.

Afghanistan’s untapped resources are estimated to be more than $1 trillion. Foreign investors have shown interest in exploring them but decades of conflicts in the South Asian nation have discouraged such initiatives.

Violence has significantly subsided since the Taliban took over the country 16 months ago when the then-internationally-backed government in Kabul collapsed and all the U.S.-led international forces withdrew from the country after almost 20 years of war.

But the global community has not yet granted legitimacy to the Taliban government over human rights concerns, especially their restrictions on Afghan women’s access to work and education.

China has also not formally recognized the Taliban, but it has vowed to support and work with the Islamist rulers on economic development of Afghanistan.

“[China] respects the independence choice made by the Afghan people and respects the religious beliefs and national customs of Afghanistan,” Wang noted in his speech Thursday. “China never interfered in Afghanistan’s internal affairs, never seeks self-interest for the so-called spheres of influence in Afghanistan.

While China, Pakistan, Russia, Iran, Turkey and several other regional countries kept their embassies in Kabul open after the Taliban takeover, Washington and Western nations at large swiftly moved their Afghan diplomatic missions to Doha, Qatar.

Taliban Seal Afghan Oil Deal With China

Contract is expected to bring $540 million in three years and crate 3,000 jobs for Afghans

www.voanews.com

 

[beijingwalker]

After US pouring in trillions of dollar and losing thousands of their lives, China won the Afghan war.

 

[K_Bin_W]

After US pouring in trillions of dollar and losing thousands of their lives, China won the Afghan war.

China had been winning without fighting, while the US was fighting without winning.

 

[dbc]

After US pouring in trillions of dollar and losing thousands of their lives, China won the Afghan war.

you do know that the Chinese won the bid for this Afghan basin in 2012....and a whole lot of nothing happened in the last 10 years. So what exactly have the Chinese won? A contract that the Afghans awarded to China in 2012 renegotiated in 2022? it's just another vehicle for Xi and his cronies to move money out of China.

 

[Wolfhunter]

Taliban sign oil production deal with China​

The signing ceremony took place in presence of the Chinese envoy to Afghanistan Wang Yu, and other high-ranking Taliban officials, including Abdul Ghani Baradar, the acting deputy prime minister for economic affairs.​

---

05-01-2023 23:10 IST

Last year in July, Chinese Foreign Minister Wang Yi met with Taliban representative in Tianjin.

The Taliban announced a deal with Chinese company Xinjiang Central Asia Petroleum and Gas (CAPEIC) on Thursday to enable oil extraction in the Amu Darya basin in northern Afghanistan, TOLOnews reported. The signing ceremony took place in presence of the Chinese envoy to Afghanistan Wang Yu, and other high-ranking Taliban officials, including Abdul Ghani Baradar, the acting deputy prime minister for economic affairs.

Taliban's acting minister of mines and petroleum, Shahabuddin Delawar, said the first three years will be exploratory and that more than USD 450 million will be invested in this period. "The first three years are exploratory. In this period, 4,500 square kilometers will be under the project in three provinces, including Sar-e-Pul, Jawzjan and Faryab. At least 1,000 to 20,000 tons of oil will be extracted," he was quoted as saying by TOLOnews.

Baradar requested China's CPEIC to implement the required norms for the extraction of the oil. "We request the Chinese company to extract the oil based on international measures. The company will have the support of government institutions," he said.

According to The Khaama Press News Agency, Oil will be produced in the northern provinces of Faryab, Jowzjan and Sar-e Pol, starting with 1,000 tonnes a day. The Taliban-run administration will initially have a 20 per cent stake in the project, which will be gradually increased to 75 per cent to match the rising output.

The Afghan news agency added that the Taliban expects to create 3,000 jobs with this project. The Taliban took over Afghanistan in August 2021 and imposed policies severely restricting basic rights, according to Human Rights Watch. They dismissed all women from leadership posts in the civil service and prohibited girls in most provinces from attending school and higher institutes.

This comes as foreign investment in Taliban-ruled Afghanistan is almost zero since the Islamic outfit's takeover in August 2021. According to the Khaama report, the Taliban is desperately knocking on every single door to attract foreign investment to the country.

Taliban sign oil production deal with China | International

The signing ceremony took place in presence of the Chinese envoy to Afghanistan Wang Yu, and other high-ranking Taliban officials, including Abdul Ghani Baradar, the acting deputy prime minister for economic affairs.

www.devdiscourse.com

China going to need a lot of these:

 

[-blitzkrieg-]

After US pouring in trillions of dollar and losing thousands of their lives, China won the Afghan war.

The real loser in this war was Pakistan not US.

 

[StraightEdge]

No amount of deals will help Afghanistan unless there is peace. China won't be investing billions in a country which makes news for all wrong reasons.

 

[Titanium100]

No amount of deals will help Afghanistan unless there is peace. China won't be investing billions in a country which makes news for all wrong reasons.

Afghanistan has more potential then Pakistan currently.. There is more stability then Pakistan.. Also Pakistan gov't comes of unstable due to American influence..

In the next 2-3 decades Afghanistan will catch up and outpace Pakistan in every industry

 

[Wolfhunter]

Afghanistan has more potential then Pakistan currently.. There is more stability then Afghanistan.. Also Pakistan gov't comes of unstable due to American influence

Hahahah, Afghanistan is landlocked

Afghanistan has about as much potential as flogging a dead racehorse .

 

[Titanium100]

Hahahah, Afghanistan is landlocked

Afghanistan has about as much potential as flogging a dead racehorse .

Time will prove me right.. Being landlocked doesn't mean much.. They have more potential.. To much American influence is unstable for growth..

They work hard and seem to be knowing what they arr doing and seem to know where they wanna be in the future

 

[epebble]

Time will prove me right.. Being landlocked doesn't mean much.. They have more potential.

Switzerland is landlocked, Britain (and Ireland) are surrounded by sea. Which is better? Close to South Asia, Bhutan is land locked, Sri Lanka is surrounded by sea. Which country is doing better? Sea is good but not great help if all it does is cause flooding.

 

[Wolfhunter]

Switzerland is landlocked, Britain (and Ireland) are surrounded by sea. Which is better? Close to South Asia, Bhutan is land locked, Sri Lanka is surrounded by sea. Which country is doing better? Sea is good but not great help if all it does is cause flooding.

Very poor examples. Also Britain was an empire and is in the G7. Come and talk when you reach that level

 

[epebble]

Britain was an empire and is in the G7.

Means squat. Britain also has grooming gangs and no-go zones. Many can't afford heating bills. Switzerland has more than twice per capita GDP of U.K.

Huddersfield grooming gang - Wikipedia

en.wikipedia.org

BBC NEWS | UK | Living in Britain's no-go zones

 

[Wolfhunter]

Means squat. Britain also has grooming gangs and no-go zones. Many can't afford heating bills. Switzerland has more than twice per capita GDP of U.K.

Huddersfield grooming gang - Wikipedia

en.wikipedia.org

BBC NEWS | UK | Living in Britain's no-go zones

“No go zones?”
“Grooming gangs?”

You are either a mentally handicapped retard or you are a very poor quality troll if this is the response you are going with when discussing economic growth.

Sit back down dickhead