Tuesday, December 27, 2011

Afghanistan awards oil exploration deal to Communist Chinese government-BBC

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""This could involve projects in infrastructure, including high-speed rail in times to come.""

12/26/11, "China gets approval for Afghanistan oil exploration bid," BBC

"China has gained potential access to millions of barrels of oil after it won approval for oil exploration and extraction in Afghanistan.

The country's cabinet approved a deal to allow China National Petroleum Corporation (CNPC) to develop oil blocks in the Amu Darya Basin.

The basin is estimated to hold around 87 million barrels of oil....

Analysts said that as peace returns to the country, it will require a lot of rebuilding activity in order to trigger economic growth in coming years, something that China is keen to tap into.

"China is looking towards a much bigger scale of investment," said Mr Chaw.

"This could involve projects in infrastructure, including high-speed rail in times to come," he added."

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