Thursday, November 21, 2024, 5:05 PM
BREAKING NEWS
**Donald Trump projected to become the 47th president of the United Stat. **We have a country that needs help and it needs help very badly: Trump **We’re going to fix our borders and we’re going to fix everything about our country: Trump
Thursday, November 21, 2024, 5:05 PM
Home » Taliban plan regional energy trade hub with Russian oil in mind

Taliban plan regional energy trade hub with Russian oil in mind

The new hub is part of broader efforts to take advantage of Afghanistan's strategic location

by NWMNewsDesk
0 comment

The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country’s commerce minister said.

Following a meeting between representatives of the three countries in the Afghan capital last week, Taliban acting commerce minister Nooruddin Azizi told that technical teams would draw up a written agreement within two months on the formal plans for the hub, which all three countries would invest in after six months of talks.

As foreign aid to Afghanistan falls and the predominantly agricultural economy is marred by persistent drought, its officially unrecognised Taliban government has faced questions over how to fund development and avoid economic stagnation.

Azizi said the new hub was part of broader efforts to take advantage of Afghanistan’s strategic location, once a thoroughfare for the ancient Silk Road trade route, lying between South and Central Asia and sharing borders with China and Iran.

banner

“Based on our discussions, a logistics centre is going to be established in Herat province, which can connect the north to South Asia,” Azizi said, adding that the Taliban were eyeing the millions of tons of oil they expected Russia would be selling in coming years to South Asian countries, particularly Pakistan, to pass through the new hub.

You may also like

Blogs

Latest Articles

© 2024 News World Media. All Rights Reserved.