Taliban signs $540 million oil deal with China

The Taliban has signed a deal with the Chinese company Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) to extract oil from northern Afghanistan’s Amu Darya basin. The 25-year deal signed in a ceremony on Thursday in Kabul between the Taliban’s mining minster, Shahabuddin Dilawara, and the representatives from the CAPEIC is worth 540 million US dollars. 

Present at the televised ceremony, the Chinese ambassador for Afghanistan, Wang Yu, said that “the contract was important for China and Afghanistan.” Adding that “China would never interfere in Afghanistan’s internal affairs.”