Sunday, June 23, 2024

Afghan Oil Deposits to Go on Bidding

Immigration News

Khaama Press
Khaama Press
Khaama Press is a Kabul-based independent and non-political news organization established in 2010.

Some of Afghan oil mines will be put out to tender by the end of the year, Ministry of Mines said on Saturday

The oil deposits in Sheberghan and Qashqari areas will soon be put out to tender which will increase government incomes to a great extent.

After the extraction work starts, a lot of job opportunities will be created for the local residents and the government will earn millions of dollars.

“Oil areas in Sheberghan will be on bidding for creation of thermal power plant with the generation capacity of 150 mega watt,” said Jawad Omar, a spokesman for the Afghan Ministry of Mines.

Meanwhile, Afghan economists consider extraction of mines as a great step, but cite insecurity as the main obstacle to implement such projects successfully.

“If 1,500 soldiers are needed to provide security for a mine to be extracted, how come the investor will invest a mine with 1,500 soldiers. We can have good investment when only ten to hundred guards are required to provide security to a mine,” Sayed Masood, a Kabul university lecturer, told TOLOnews.

The Ministry of Mines said the surveys done by international organisations and the ministry show that there are rich gas deposits in the northern Balkh and Jawzjan provinces.

Source: tolo News

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