According to ministry of mines of Afghanistan oil extraction in northern Amu River will be launched within the next 5 months.
The officials further added around 5,000 barrels of oil will be extracted daily during the phase of extraction and will be further boosted to 45,000 barrels a day.
Amu River is located in northern Faryab and Sar-i-Pul province of Afghanistan where the area is enriched with approximately 87 million barrels of oil.
The oil extraction for Amu River was awarded to a China’s national petroleum corporation (CNPC) and the company has already started its preliminary operation in the area.
The Afghan government has recently started works on Afghanistan’s major natural minerals including oil, copper and iron.
Recently a Canadian firm based in Dubai was appointed by the Afghan government start investigation on oil deposits at Andkhoi and Aqina districts.
Based on the contract the Canadian firm will start its operations to find out further oil deposits in northern regions of the country.
According to Afghan mines ministry the value of the investigation is around $6.5 million and will be paid through development budget of the Afghan government.
In the meantime the bidding process for the extraction of Afghan-Tajik oil deposit and the interest bidders are due to present their tender document within the next four months.