China wins oil deal with Afghanistan - News - Dukascopy Bank

Tue, 27 Dec 2011 11:43:52 GMT
Source: BBC
 
© Scanpix/AFP

China has gained possibility to recover millions barrels of crude oil after China received the approval for oil extraction in Afghanistan. China National Petroleum Corporation will develop the Amu Darya Basin that is estimated to have about 87 million barrels of the commodity. The move followed China's oil companies seek overseas expansion in view of the increasing domestic demand for energy.


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