Afghanistan Signs Oil Deal with China’s CNPC

Reuters reported that Afghanistan has signed a deal with China National Petroleum Corp for the development of oil blocks in the Amu Darya basin.

As quoted in the market news:

It marks the second major deal for China in Afghanistan after Metallurgical Corp of China signed a contract in 2008 to develop the huge Aynak copper mine south of Kabul, which is due to start producing by the end of 2014.

Click here to read the full Reuters report.