The Taliban announced the conclusion of a contract with a company from China for oil production in the Amu Darya basin

January 06, 2023 | 00:57 |6819

The Taliban has signed a contract with a Chinese company for oil production in the Amu Darya River basin in northern Afghanistan, Taliban spokesman Zabiullah Mujahid said.

"Under this contract, oil will be extracted from an area of 4.5 thousand square kilometers in the northern provinces of Sari-Pul, Jauzjan and Faryab," Mujahid said.

According to the statement, the Chinese company CPEIC will invest $ 150 million in this project this year. According to the contract, the share of the Afghan authorities will initially be 20%, and in the future it will increase to 75%.

Mujahid added that about three thousand citizens of Afghanistan will work in the project.

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