Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices

Kinder Morgan Restores U.S.-Mexico Gas Flows After Pipeline Outage

Constellation will invest more than…

Halliburton has ruled out participating…

Persian Gulf crude exports have…

Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on…

It appears Kazakhstan and Uzbekistan may have found a way to finance a trans-Afghan railway that would enable Central Asian exports to gain access to seaports in Pakistan. 

Transport officials from the two Central Asian states have signed a memorandum of understanding with the United Arab Emirates covering “the practical development” of the railway, according to a Kazakh government statement. 

Astana and Tashkent have been strong advocates for a trans-Afghan railway but lack the financial resources and technical expertise to implement the project on their own. The UAE’s inclusion would appear to address existing shortcomings, creating a pathway for construction to begin.

“The UAE brings international experience in transport infrastructure, logistics, and the implementation of major investment projects,” according to the Kazakh statement. It made no mention of specific financial commitments by any of the parties to the agreement.

Given the lack of international recognition of the Taliban government, the railway project to date has faced difficulty in attracting support from international financial institutions. Prior to the Taliban’s return to power, the Asian Development Bank supported the construction of a 75-kilometer stretch of railway connecting Hairaton, which sits across the Amu Darya River from the Uzbek border, to the northern Afghan city of Mazar-i-Sharif.

The memo aims “to ensure transport connectivity between Central and South Asia and create additional opportunities for the development of international transport, trade, logistics and investment cooperation.”

The first step outlined in the document involves the preparation of “technical and economic studies and analytical assessments.” Planning work will also identify the scope of “necessary railway infrastructure and associated facilities” to traverse Afghanistan’s mountainous terrain. 

The three signatories will also seek to establish a permanent working group to handle the railway’s “technical, economic and financial aspects.”

Even if the new partnership succeeds in addressing financing and engineering challenges, the railway project faces a major political obstacle, namely rancorous Afghan-Pakistani relations that have caused bouts of violence over the past year, prompting the closure of the two countries’ land border.

More Top Reads From Oilprice.com

Iran War Pushes 25 Countries Into New Electrification Policies

Will the Chinese Sink the Grid?

Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on…

Iran Is Losing Some of Its Leverage Over the Strait of Hormuz

U.S. Oil Drilling Inches Up As Prices Fall

Iranian Oil Starts Flowing to Tajikistan Despite U.S. Sanctions Risk

Fuel Price Shock Pushes Global Gas Car Sales Below 50% for First Time

Europe’s Diesel Woes Just Got Even Worse

The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.

Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.

Merchant of Record: A Media Solutions trading as Oilprice.com


Source: Oilprice