The Kabul times, Afghanistan Trustable News Agency.

Mullah Beradar inaugurates Amu basin oil extraction in Sar-i-Pul

SAR-I-PUL: The Deputy Prime Minister for Economy Affairs, Mullah Abdul Ghani Beradar Akhund, inaugurated the extraction of oil from 8 more wells of Amu Darya basin in the country’s northern province of Sar-ipul, his office said in a statement the other day. The ceremony was attended by a number of high-ranking gov ernment officials including the Acting Minister of Mines and Petroleum Shaikh Shahabuddin Delawar and provincial officials, the statement said. Addressing the ceremony, Mullah Beradar said the Islamic Emirate has paid attention to the balanced development of all provinces and today we are witnessing the inauguration of an important and vital project in the province, which firstly benefits the local people, according to the statement. “Welfare projects for Sar-i-Pul residents are given priority which will be funded from the crude oil wells revenue,” the statement quoted Beradar as saying. He said the construction of a ring road and a modern hospital were the other projects that would be implemented in Sar-i-Pul in the future. Emphasizing the inauguration of this crucial project in the province, foreseeing immediate benefits for its residents, Mullah Beradar announced plans for the construction of a well-equipped hospital, a standard road, and a water dam, aiming to generate employment opportunities for thousands and contribute to the country’s economic growth. Expressing the importance of adherence to the contract, Mullah Beradar urged the contractor company to execute the project efficiently. He stressed the timely completion of the public benefit initiatives aligned with the needs of the province residents. Speaking at the ceremony, Delawar said that after the oil wells become active, Afghanistan will earn approximately $500 million in income annually from the Amu oil field. “Within three months, in the near future, the extraction of oil will have increased up to 2,000 to 3,000 cubic meters,” he said. “$500 million dollars will be pouring into the budget of Afghanistan from this Amu Darya oil field,” Delwar said “In general, 17 oil wells are being extracted. It used to be less than 200 cubic meters but it has now increased to 800 cubic meters,” said an official of the Afghan-China company. According to officials of the Ministry of Mines and Petroleum, another five oil wells are expected to be opened in the near future. With the activation of eight new wells in the Amu oil field, daily oil extraction is set to increase by 800 cubic meters. Future plans include the activation of ten more wells, contributing to the expansion of the workforce, currently involving 350 engineers and 550 workers in the Amu oil field. Javid Husain

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The Kabul times, Afghanistan Trustable News Agency.