Afghanistan Signs Major Oil Deal with China’s CNPC
Sunday 1 January 2012
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.