Taliban cancel oilfield deal with Chinese in Afghanistan's north
Economy
Kabul regime terminates first major investment project due to slow progress
Some experts believe the cancelled contract will impact Sino-Afghan relations, but others say the two countries are bound by critical mutual interests. (Source photos by Reuters)
TAHIR KHAN
ISLAMABAD -- Afghanistan's Taliban government has terminated a two-year-old oil extraction and development contract with a Chinese company due to alleged violations of contractual obligations, with some experts believing the move to be a sign of the economic difficulties the Kabul regime faces.
"The Amu Darya Oilfield Exploration and Production Agreement, signed between the Ministry of Mines and Petroleum and Afchin Company for a period of 25 years, was terminated due to the contractor's repeated violations of the contractual obligations," Hamayun Afghan, the ministry's spokesperson, stated in an X post last week.
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