by Hanan Habibzai
Oil from the Amo River ship has been the subject of an agreement between Afghanistan’s Ministry of Mines and the Chinese CPEIC. During a press conference, Acting Minister Shahabuddin Dilawar said that oil will be garnered from a total of 4,500 square kilometres of land in the provinces of Sarpul, Jawzjan, and Faryab in the country’s northern region.
According to Dilawar, China will spend $540 million over the next three years. There will be an initial investment of $150 million in the first year.
Wang Yu, the Chinese ambassador in Kabul, has asked for cooperation from both sides to make sure this plan works. “International confidence for investment in Afghanistan can only be generated if the Afghan government and the Chinese government work together to make this trial into an example.” The Beijing envoy in Kabul added.
The Chinese envoy’s assurance to the Afghan de facto leadership that they will gain the confidence of the international community is a contradiction in terms. Even though China would end up receiving 80% of the project’s output.
The toppling of U.S.-backed President Ashraf Ghani in August 2021 has left power vacuums in Afghanistan, and the current de facto government filled that with international recognition issues still restricting the Afghan economy, which Beijing views as an opportunity to strengthen relations with the Taliban-led de facto regime.
It is generally agreed that China’s economic diplomacy with developing nations is most effective when it considers a wide range of interests. Beijing asserts that the country’s growing economy has helped maintain social and geopolitical stability.
ATTENTION READERS
We See The World From All Sides and Want YOU To Be Fully InformedIn fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
About VT - Policies & Disclosures - Comment Policy