Leading U.S. Refiner: Expect Tight Gasoline And Diesel Supply This Summer

The Taliban’s signing of an international oil deal with the Chinese was televised on Thursday--its first international agreement since it took over Afghanistan in August 2021, according to the Diplomat. The Taliban struck a 25-year deal with China-based Xinjiang central Asia Petroleum and Gas Co (CAPEIC) for the Amu Darya oil project.

Under the terms of the deal, CAPEIC will invest $150 million per year over the next three years in Afghanistan, then $540 million per year for the next 22 years. The Taliban will carry a 20% share in the project…