Sunday, May 26, 2024

Afghanistan To Call For Tenders To Extract Oil and Gas Soon

Immigration News

Fidel Rahmati
Fidel Rahmati
Fidai Rahmati is the editor and content writer for Khaama Press. You may follow him at Twitter @FidelRahmati

The Ministry of Mines and Petroleum of Afghanistan will announce tenders for oil and gas fields soon.

The acting minister of Mines and Petroleum, Shahabuddin Delawar, announced on Sunday that the ministry would shortly begin the bedding process to extract some of the oil and gas fields in the country soon.

Delawar brought up this matter in a meeting with the board of a Chines company in Kabul.

Meanwhile, the Chines Company reportedly expressed interest in investing in oil and gas in Afghanistan, a statement said by the ministry.

The ministry welcomed the Chinese interest in investing in the oil and gas fields, saying: “Afghanistan has rich oil and gas resources, and the Ministry of Mines and Petroleum will shortly announce a part of the country’s oil and gas fields for bidding.” Those who are interested may lawfully participate in the bidding, he continued.

On January 6, the Taliban authorities signed a contract with Xinjiang Central Asia Petroleum and Gas Company (CAPEIC) to extract oil from the Amu Darya basin.

According to the Taliban officials, the Chinese company will initially invest $ 150 in the project and $450 over the next three years.

According to experts, signing such projects is of utmost significance for the Taliban administration because they provide cash for the current regime and encourage future investment in Afghanistan.

Afghanistan is rich in natural resources, but the untapped resources have yet to be exploited due to political unrest.

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