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Taliban's Oil Heist? China's $540M Deal Gone Wrong?

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Taliban's Oil Heist? China's $540M Deal Gone Wrong?

A $540 million oil deal between China and the Taliban collapsed after two years. Afghan officials accused the Chinese company of contract breaches, citing missed investments and unpaid royalties. Chinese employees claimed the Taliban forcibly seized the oil fields, detaining 12 Chinese workers and confiscating their passports. While nine were released following a visit from Chinese Foreign Minister Wang Yi, the incident highlights the challenges of doing business in Afghanistan and the complexities of the China-Taliban relationship. Despite the setback, both sides aim to maintain broader diplomatic ties.

Prepared by Rachel Morgan and reviewed by editorial team.

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