The Afghan cabinet cleared the way for China to develop oil reserves.  Main points:

  1. 87bn barrels in estimated reserves
  2. CNPC will receive a 15% royalty and have a 20% corporate tax rate
  3. Government will receive royalty of up to 70%
  4. Revenues estimated to be $5bn over next 10 years
  5. Minerals reserves for the country at large estimated to be $3tn
Further Reading