Afghan Taliban Signs $200 Million Oil Deal With Saudi Firm For Kushk-Tirpul Basin
Minister Hedayatullah Badri and Delta International CEO Shaher Al-Taqi signed a 25-year contract to explore hydrocarbons in Afghanistan's west. Sudan's Minister Al-Motasem Ahmed welcomed Twaik Group's interest in energy investments.
The Afghan Taliban government finalized a $200 million agreement on Monday with Saudi oil company Delta International Energy to explore and extract hydrocarbons from the Kushk-Tirpul basin. The deal covers seven blocks spanning 22,000 square kilometers across Herat and Badghis provinces. Mines and Petroleum Minister Hedayatullah Badri confirmed the contract runs for 25 years with an eight-year exploration phase. Badri stated that extracting resources from the area would allow Afghanistan to become self-sufficient while creating employment opportunities.
Separately, Sudan's Energy Minister Al-Motasem Ahmed held a meeting on Sunday with Twaik Group CEO Sheikh Sultan Al-Anzi. The Saudi group comprises 12 companies and expressed interest in investing in Sudan's energy, refining, and infrastructure sectors. Sudan officials described the nation as having promising opportunities for investment in these fields. Both groups are part of broader efforts to boost regional energy production and economic growth following recent geopolitical shifts.
