The Kabul times, Afghanistan Trustable News Agency.

$80 m to be invested in oil extraction: Delawar

KABUL: Acting Minister of Mines and Petroleum Mawlavi Shahabuddin Delawar said that 80 million U.S. dollars will be invested in the extraction of ten oil wells in the country, a statement from the ministry said the other day.
“A private company has won the processing and transfer of up to 20,000 tons of extracted crude oil from the Amu Darya basin through free bidding by paying 200,000 U.S. Dollars as a bill,” the statement quoted the acting minister as saying.
The company won the bid by paying 540 U.S. dollars per ton and has put 200,000 U.S. dollars as a bill that will help the extracted oil transfer begin soon, the statement added.
The Chinese National Oil Company (CNOC) which is responsible for the extraction of oil from the Amu Darya basin, said it will invest 162 million U.S. dollars in the oil extraction field in the country. Meanwhile, some economic experts say that the extraction and processing of oil is an important step that will provide job opportunities for tens of Afghans and support the country’s economy. The Kabul Times

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The Kabul times, Afghanistan Trustable News Agency.