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Sunday 1 January 2012

Afghanistan Signs Major Oil Deal with China’s CNPC


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KABUL (Reuters) – Afghanistan signed a deal with China National Petroleum Corp (CNPC) on Wednesday for the development of oil blocks in the Amu Darya basin, a project expected to earn the war-torn state billions of dollars over two decades.

The deal covering drilling and a refinery in the northern provinces of Sar-e Pul (سر پل) and Faryab (فریاب) is the first international oil production agreement entered into by the Afghan government for several decades.

The contract is valid for 25 years.


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