Afghanistan signs major oil deal with China

Wahidullah Shahrani, Afghan Minister of Mines

Afghanistan signed a major oil exploration contract with a Chinese company (China National Petroleum Corp) today in Kabul.

The deal will develop three oil fields in northern Afghanistan (Sar-e-pul and Faryab provinces). Wahidullah Shahrani, Afghanistan’s Minister of Mines, told the media that the deal could bring in about $7 billion to Afghanistan over the next 25 years.

The minister said that the Chinese will start to bring in their experts and equipment to the site in a month, however, the practice work (extraction) is expected to begin in October 2012.

December 28, 2011 В· admin В· 3 Comments
Posted in: Afghanistan's Economy, Environmental Issues, Reconstruction and Development

3 Responses

  1. Jewel - January 5, 2012

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  2. Serena - January 7, 2012

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  3. Mohammad Reza Aagah - January 10, 2012

    20 Km of Asphalt Road completed in Ghazni Province its started from Ghazni city through Nahore District.
    from the center of Nahore district up to the start of project is 90Km, fort-unity the 20Km of its completed and the rest will start from the spring season.

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