• China has gained potential access to millions of barrels of oil after it won approval for oil exploration and extraction in Afghanistan.
  • The country's cabinet approved a deal to allow China National Petroleum Corporation (CNPC) to develop oil blocks in the Amu Darya Basin. 

  • The basin is estimated to hold around 87 million barrels of oil.

  • The deal comes as China is looking to expand its oil resources in wake of a growing domestic demand.