Oil Deal Between China and Taliban Falls Apart ...Middle East

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Oil Deal Between China and Taliban Falls Apart
source : OILPRICE ( Middle East ) () 68
When the Taliban retook control over Afghanistan four years ago, China was quick to sign an oil field development deal to extract crude in the central Asian country and boost its footprint and influence there.  But the oil deal, signed in 2023 by the Taliban and China’s Xinjiang Central Asia Petroleum and Gas Co., Ltd (CAPEIC) and planned to last for 25 years, has now collapsed, with each side accusing the other of breaching the contract.  In early 2023, the Taliban signed the 25-year deal with CAPEIC for the Amu Darya oil project.…

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