Taliban plan regional energy trade hub with Russian oil in mind

2/5/2024 18:45

        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 Reuters 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.