Indeed. And now that the US is threatening Iran... and China has their back... things are about to get interesting..
www.abovetopsecret.com...
KABUL, Afghanistan (AP) - Afghanistan's government signed a deal Wednesday with China's state-owned National Petroleum Corporation, allowing it to become the first foreign company to exploit the country's oil and natural gas reserves.
The contract, which covers the northeastern provinces of Sari Pul and Faryab, is the first of several such blocks to be put on the market in coming months, Afghan Minister of Mines Wahidullah Shahrani said during the signing ceremony.
Bidding information for blocks in neighboring Balkh province will be released at end of February, and for the western Herat province by next summer, he said.
The ministry listed the initial value of the project with CNPC as $700 million. But the total could be ten times greater if more reserves are found and developed, and if international oil prices remain at today's levels, Shahrani said.
So far, companies from China -- with which Afghanistan shares a small stretch of border in its east -- have been in the forefront of investments in the nation.
Three years ago the China Metallurgical Construction Co. signed a contract to develop the Aynak copper mine in Logar province. Beijing's $3.5 billion stake in the mine is the largest foreign investment in Afghanistan so far.
A September 2006 editorial in the semi-official People’s Daily decried what it described as US plans to transform the alliance into a “Global NATO” by endowing it with a large rapid response force capable of worldwide operations. In an indirect expression of Chinese government concerns, the paper said that the alliance’s “interference in the affairs of major ‘hot spot’ regions”, such as Afghanistan and Iraq, had already “drawn extensive concern of people worldwide.”