Taliban & Chinese Firm Sign Historic Afghan Oil Extraction Deal
January 7th, 2023Via: ZeroHedge:
On Friday a major deal for oil extraction inked between a Chinese company and the Taliban government has been revealed, centered in northern Afghanistan’s Amu Darya basin.
CNN details that “The agreement with China’s Xinjiang Central Asia Petroleum and Gas Co is the first major international energy extraction deal the Taliban has signed since taking control of Afghanistan in 2021.”
It underscores that the Taliban increasingly sees Beijing as a desperately needed economic lifeline amid its global isolation, collapsed post-wartime economy, and facing continued Western-led sanctions and as tens of billions in foreign reserves remain under seizure.
