Taliban ink oil contract with Iran

The Taliban ministry of finance released a statement stating that it has signed a contract for importing 350,000 tons of oil from Iran to control and decrease the prices in Afghanistan, Report informs via Aamaj News.

The ministry added that a joint delegation from the oil and gas company, ministry of foreign affairs, ministry of commerce, the central bank (Da Afghanistan Bank) and Afghanistan National Standardization Authority (ANSA) of Taliban headed to Iran to sign the deal.

The statement added that the delegation struck a contract with an Iranian company to buy 350,000 tonnes of oil, and its importing process will begin in the coming days.

The finance ministry added that the delegation traveled to Iran to discuss oil purchases, rates, and the transit of petroleum products to Afghanistan.

The statement noted that Taliban and Iranian officials discussed the formation of a joint committee for Government to Government (G2G) contracts, the continuation of the pipeline project, building a joint refinery, and the implementation of long-run contracts.

The news comes as recently the price of oil has unprecedentedly soared in Afghanistan.

According to reports, a liter diesel has been sold for 120 afghani ($1.33) in Kabul.