12 hours ago
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.
