China National Petroleum Corp., or CNPC, offered the highest royalty and a refinery to win Afghanistan’s first oilfield auction last month, using a strategy that helped Chinese companies gain access to African resources. CNPC will pay 15 percent royalty on oil from three blocks in northern Afghanistan and 30 percent corporate tax and also build a refinery, Abdul Jalil Jumriany, policy director at the mines ministry in Kabul, said. Australia’s Buccaneer Energy proposed 10 percent royalty and was second. Read More
