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Reuters
Reuters
Business
By Mohammad Yunus Yawar

Afghanistan's Taliban administration in oil extraction deal with Chinese company

Afghanistan's Taliban-led administration is to sign a contract with a Chinese company to extract oil from the Amu Darya basin in the country's north, the acting mining minister said on Thursday.

The contract would be signed with Xinjiang Central Asia Petroleum and Gas Co (CAPEIC), officials told a news conference in Kabul.

It will be the first major public commodities extraction deal the Taliban administration has signed with an foreign company since taking power in 2021.

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