KABUL (SW) – A domestic firm has won the contract to extract 20,000 tons of crude oil at the Amu River basin, announced officials.
Officials at the Ministry of Mines and Petroleum of the de-facto government stated that the signing of a contract for the extraction of 20,000 tons of crude oil at the Amu River basin has been awarded to a domestic company in Kabul.
Shahabuddin Delawar, the acting minister of mines and petroleum, said the contract has been awarded for a value of approximately $11 million. He remarked: “The Qaisar Baba limited company has offered a very good price, and I congratulate them on winning this contract valued at $10,549,444.”
The bidding process involved 10 companies, with one domestic company emerging as the winner.
Officials from the company mentioned that once this oil is processed and delivered to the domestic markets, there will be noticeable changes in fuel prices in the country.
Gulzada Khatwazai, a representative from the company, said, “This will generally impact the oil price and help maintain the stability of the Afghani currency. After the oil is processed and delivered to the market, we will see changes in the price of fuel.”
Meanwhile, the Acting minister of mines and petroleum added that contracts for 11 blocks of oil and gas extraction covering 23,000 square kilometers in Herat and 40,000 square kilometers in the Katwazi area of Paktika have also been put up for bidding.
It is worth noting that in the past 10 days, the Ministry of Mines and Petroleum has sold 130,000 tons of crude oil from the Qashqari and Angut areas through bidding, amounting to $72 million worth of revenue.
