Chinese oil company to send $100M in equipment for oil extraction in Afghanistan
The Afghanistan embassy in China has announced that Beijing will send advanced machinery and equipment worth approximately $100 million to the country to advance oil extraction projects.
This morning, Thursday, September 5, the embassy posted on the social media platform X that Bilal Karimi, the Taliban ambassador in Beijing, met with Li Winben, the head of the Central Asia Petroleum and Gas Company (CAPEIC) in China.
The embassy noted that the Chinese oil and gas company CAPEIC will send advanced equipment and machinery to Afghanistan to support oil extraction projects valued at around $100 million.
The head of CAPEIC emphasized the importance of executing these projects and assured that additional efforts will be made to expedite the process.
China is considered the closest commercial partner of the Taliban regime and has signed contracts worth billions of dollars in various sectors, including the extraction of Afghanistan’s oil resources.
This shows China’s interest in investing in Afghanistan since the Taliban took power in the country. It highlights the growing economic collaboration between the two countries and underscores the role of international partnerships in driving Afghanistan’s resource development.
China’s advanced equipment and machinery are expected to advance these projects and boost the country’s oil production industry.
The post Chinese oil company to send $100M in equipment for oil extraction in Afghanistan appeared first on Khaama Press.