© 2025 WFSU Public Media
WFSU News · Tallahassee · Panama City · Thomasville
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
WFSU-FM is currently broadcasting at reduced power. We apologize for this inconvenience. And remember, you can stream or listen to WFSU on the App.

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. Transcript provided by NPR, Copyright NPR.