Afghan Government Signs Deal With Oil Company
STEVE INSKEEP, HOST:
NPR's business news starts with China in Afghanistan.
(SOUNDBITE OF MUSIC)
INSKEEP: Afghanistan's government is signing off on a deal with the Chinese state oil company. China's National Petroleum Corporation would be the first foreign company to produce oil in Afghanistan. The Afghan government says the 25-year-deal could create jobs and help develop oil reserves in the northeastern part of the country.
For China, this agreement could mean a new source of energy. China is already Afghanistan's largest foreign investor, in fact. A few years ago, a Chinese metals company won the rights to develop a giant copper mine in Afghanistan.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.