Follow CGSP on Social Media

Listen to the CGSP Podcast

Afghanistan Signs New Oil Deal With China, Assures Beijing It Will Also Improve Security For Its People

by Eric Olander
Acting minister of mines and petroleum Shahabuddin Dilawar (L), Afghanistan's acting first deputy prime minister Abdul Ghani Baradar (C) and China's ambassador to Afghanistan Wang Yu attend a press conference to announce an oil extraction contract with a Chinese company in Kabul on January 5, 2023. Ahmad SAHEL ARMAN / AFP

The Afghan government signed a symbolically important oil extraction deal with a Chinese state-owned company, the first such agreement since the Taliban took power in 2021.

The Chinese side will own 80% of the venture and invest $150 million annually in the project to develop new oil fields in northern Afghanistan.

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

You Might Like

What’s at Stake for China in Chad Following the Unexpected Death of President Idriss Deby?

News that Mahamat Kaka, son of late Chadian President Idriss Deby who was killed on Monday in fighting near the Libyan border, has been named interim leader will likely be well received ...

Chinese Citizens in Niger Shelter in Place, Future of Key Energy Projects Now in Question

The Chinese embassy in Niger called on its nationals in the country to shelter in place until the security situation stabilizes following last week’s military coup. So far, there have been no reports of ...

Myanmar-China Oil and Gas Pipeline Control Station Destroyed in Latest Attack Affecting Chinese Interests

Myanmar’s military government said several of the country’s armed insurgent groups destroyed a control station of the Myanmar-China oil and natural gas pipeline in a state bordering China. The attack happened in the northern ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.