In Kabul (Afghanistan) on Tuesday, the first auction of oil produced in the country took place.
This was reported by the Ministry of Mines and Oil, controlled by the Taliban, reports Interfax-Ukraine.
The tender for the sale of 20 thousand tons of Kashgar oil and 7 thousand tons of Angut oil was produced on Tuesday in the presence of acting. Minister of Mines and Petroleum Shahabuddin Delaware. Bidding took place in the ministry building in Kabul.
“We are witnessing the first oil produced in Afghanistan, and it is a matter of pride that the applicant companies were also located inside the country, and all processing of raw materials will be carried out inside Afghanistan,” the acting minister said.
On January 5, the Taliban Minister of Mines and Oil and a representative of the Chinese oil and gas company CAPEIC signed a contract to develop oil fields in the north of the country.
The area of the deposits transferred to the disposal of the Chinese company under the contract is 4.5 thousand square meters. m. They are located in three provinces of the country: Sirpuli, Jowzjani and Faryabi.
The expected volumes of oil production are noted with a gradual increase from 1 thousand to 23 thousand tons per day. It was discussed that China’s investment would be between $150 million and $540 million over three years. The exploration period is three years, and the extracted oil is to be processed in Afghanistan.
Afghanistan will become a partner in this project with a participation share of 20%, with its subsequent gradual increase to 75%. The term of the contract is 25 years.
This contract was the first international investment contract since the Taliban came to power in Afghanistan.
