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Afghanistan: Ministry in Talks with Chinese Company Over Oil

KABUL, 04 August 2022, (TON): The Ministry of Mines and Petroleum in its annual report said “the ministry is in discussions with the Chinese CNPCI company about the oil contract for the Qashqari region of the Amu Darya River basin.”

Shahabuddin Delawar, the acting Minister of Mines and Petroleum, said that the Islamic Emirate will receive a 20% share of the oil's extraction and profit under the new agreement.

He said at a press conference "we have made three changes to the contract. The government will now get 20% of the revenue. If extraction does not begin within two months of the contract's signing, the agreement will be canceled, and the oil will be processed in Afghanistan, we won't sell crude oil to other countries.”

According to the ministry “a framework to reduce corruption and boost income has been developed, and the ministry has formed a technical committee to hand over major mines, giving local industrial companies priority with mining contracts.”

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