Business
China’s National Petroleum Corporation mulls investing in Afghanistan
During a visit to Kabul, officials from a Chinese company said they are interested in investing in Afghanistan.
The head of the corporation (CNPCI), said Wednesday in a meeting with Abdul Salam Hanafi, Deputy Prime Minister, that the company wants to invest in Afghanistan.
During the meeting, Abdul Salam Hanafi welcomed the company’s interest and said that now, with the provision of security, the grounds for domestic and foreign investments in Afghanistan has been prepared.
Hanafi has stated that the Islamic Emirate (IE)
is cooperating with foreign businessmen and investors in providing security and facilitating the investment process.
CNPCI is China’s state-owned oil and gas company, which is China’s largest energy company.
China, meanwhile, recently hosted a meeting of foreign ministers of Afghanistan’s neighbors.
The Minister of Foreign Affairs of the Islamic Emirate, Amir Khan Muttaqi, who attended the meeting asked international companies to invest in Afghanistan.
Business
Belarus ready to boost petroleum trade and investment cooperation with Afghanistan
Officials stressed the importance of expanding trade relations, developing joint investment opportunities and creating practical mechanisms for broader economic cooperation.
Belarus has expressed readiness to expand economic cooperation with Afghanistan, including the transportation and import of petroleum products through direct agreements with Afghan government institutions and private-sector companies.
Afghanistan’s Ministry of Commerce and Industry said on Friday that Deputy Minister Ahmadullah Zahid held talks with Belarusian Deputy Trade Minister Vlad Mirvoyevich Ryzhkovsky and senior officials from Belarus’ oil and investment sectors.
The discussions focused on boosting bilateral trade, expanding Afghanistan’s exports, importing petroleum products from Belarus, attracting investment and strengthening cooperation in the industrial and energy sectors.
The two sides also discussed closer engagement between private-sector businesses and the need to make effective use of the economic potential of both countries.
According to the ministry, officials stressed the importance of expanding trade relations, developing joint investment opportunities and creating practical mechanisms for broader economic cooperation.
The Belarusian delegation assured Afghan officials that it would take the necessary steps to establish direct cooperation and sign agreements with Afghan government institutions and private companies for the transportation and import of petroleum products.
The meeting comes as Afghanistan seeks to diversify its economic and trade partnerships, increase exports and attract greater foreign investment and cooperation from countries in the region and beyond.
Iranian President Masoud Pezeshkian has called for the removal of obstacles to economic cooperation and greater facilitation of trade and transit between Iran and Afghanistan.
At a Cabinet meeting chaired by Pezeshkian on Wednesday, officials reviewed a report on Iran’s agriculture minister’s recent visit to Afghanistan and the latest developments in economic ties between the two countries.
According to the report, Afghan officials welcomed closer relations with Iran and expressed readiness to increase bilateral trade and expand economic cooperation.
The meeting also focused on key challenges facing trade between the two countries, including customs procedures, the movement of vehicles through border crossings and delays in transporting goods.
Pezeshkian stressed the strategic importance of economic ties with Afghanistan and called for stronger cooperation. He instructed relevant authorities to take practical steps to address obstacles to trade and transit and improve the movement of goods across the border.
Business
Afghanistan, Kuwait explore new investment and trade opportunities
The Afghan Embassy in Kuwait said the talks focused on Afghanistan’s security and stability, economic potential and available investment opportunities.
Afghanistan and Kuwait have discussed expanding trade and investment cooperation during a meeting between Afghanistan’s Chargé d’Affaires in Kuwait, Mohammad Shafiq Khatib, and prominent Kuwaiti investor Ajeej Khalaf, along with a number of businessmen and investors.
The Afghan Embassy in Kuwait said the talks focused on Afghanistan’s security and stability, economic potential and available investment opportunities.
The sides stressed the importance of strengthening trade and economic ties and expanding investment cooperation between the two countries.
Khatib invited Kuwaiti businessmen and investors to visit Afghanistan, explore investment opportunities and consider investing in various sectors of the Afghan economy.
The meeting comes as Afghanistan seeks to attract more foreign investment and strengthen economic and commercial ties with regional and international partners.
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