Huge Change! Afghanistan’s $12 billion Oil Project, With China’s Help, is About To Change Everything

#china #Afghanistan #oil #energy ✨✨✨✨✨✨✨✨✨✨✨✨ Located in south-central Asia, Afghanistan is a country with huge resource potential. According to estimates by the US Geological Survey and the Afghan government, the untapped resources here are worth at least $1 trillion. In addition, in Balkh and Jowzjan provinces in northern Afghanistan, people have proven crude oil reserves of 1.8 billion barrels. In addition, Afghanistan has natural gas reserves estimated at trillion to trillion cubic meters. However, the protracted war resulted in huge casualties and financial expenditure. At the same time, Afghanistan has also fallen into a chaotic civil war, and a large number of infrastructure and natural resources have been destroyed, causing the Afghan economy to fall into extreme poverty for a long time. In order to change the status quo, Afghanistan began to seek cooperation with China, and the two sides also reached a series of important cooperation agreements. In January 2023, Chinese companies signed a 25-year oil exploration agreement with the Taliban. Among this series of cooperation, the most noteworthy is the “Kashkari Oil Field“ exploration project, with a total investment of more than 12 billion U.S. dollars and an estimated oil reserve of more than 50 million barrels. The Taliban government in Afghanistan will hold a 20% stake in the project. In July 2023, Afghanistan officially announced that the first oil well in the “Kashkari Oilfield“ has begun to produce oil. The amount of oil extracted that day reached 1,000 tons. However, this is also a new beginning that will change Afghanistan. So what does it mean for the first oil well in the “Kashkari Oilfield“ to produce oil? ----------------------------------------------