Business
250 tons of crude oil extracted daily from Qashqari wells in Sar-e-Pul
The Ministry of Mines and Petroleum (MoMP) says 250 tons of crude oil is being extracted daily from the Qashqari oil wells in Afghanistan’s Sar-e-Pul province.
The ministry officials said that in the past, four wells were active, and now three more wells have been activated. In total 250 tons (over 1,800 barrels) of oil are extracted from these wells daily, and more than 17,000 tons of oil has been refined so far.
“Our extraction level is currently 250 tons per day, which was 200 tons in the past,” said Homayoun Afghan, a spokesman for MoMP.
“13,669 tons of raw oil have been refined in Qashqari area and 3,659 tons refined in the Angot area.”
The Chamber of Industries and Mines meanwhile says it intends to have joint investments with foreign companies on mining extraction, and therefore, it has started discussions with some companies.
In addition, experts believe when there is more investment in the mining sector, Afghanistan will become self-sufficient.
According to them, in addition to meeting domestic needs, Afghanistan can also export oil abroad if the extraction increases.
Sayed Karim Hashemi, chairman of the Afghanistan Chamber of Commerce and Investment (ACCI), has met with Indian ambassador in Kabul, Yatin Patel, to discuss ways to strengthen bilateral trade and investment cooperation.
According to ACCI, the meeting focused on expanding exports, improving trade facilitation, easing business visa procedures, enhancing logistics, and increasing cooperation in key sectors including agriculture, mining, and handicrafts.
The two sides also agreed to promote joint exhibitions, organize business delegations, and develop long-term partnerships between the private sectors of Afghanistan and India.
The meeting comes as Afghan and Indian officials and business leaders continue efforts to expand economic relations and create new opportunities for trade and investment between the two countries.
Afghanistan’s state-owned Oil and Gas Company has announced a temporary adjustment to some technical standards for importing gasoline, diesel and liquefied petroleum gas (LPG) following a sharp rise in global oil and gas prices and their impact on the domestic market.
In a statement, the company said the committee responsible for preventing the import of substandard fuel had reviewed market conditions and domestic demand before deciding to temporarily apply revised limits to certain technical specifications and permissible standards for imported fuel under specific conditions.
The company said the move is an exceptional and temporary measure aimed at facilitating fuel imports, ensuring timely market supply, preventing shortages and reducing the impact of global price volatility. The revised standards will remain in effect until market conditions stabilize and relevant authorities issue further instructions.
The decision comes as fuel prices have risen sharply across Afghanistan in recent days, prompting widespread public concern and complaints.
The increase has been linked to a significant decline in Afghanistan’s fuel imports from Russia following recent Ukrainian attacks on Russian oil facilities, which have disrupted supplies.
Business
Iran, Afghanistan and Tajikistan sign agreement to boost regional transit
Officials said the agreement reflects the three countries’ shared commitment to improving regional connectivity, expanding trade and making more effective use of existing transit corridors.
Iran, Afghanistan and Tajikistan have signed a joint agreement aimed at strengthening regional connectivity and facilitating international transit and road freight cooperation among the three countries.
According to the Iranian Embassy in Dushanbe, the agreement was signed following a trilateral meeting held in the northeastern Iranian city of Mashhad, where officials discussed ways to expand regional transport and economic cooperation.
The agreement is designed to enhance cross-border freight transportation, facilitate international transit, strengthen economic ties and promote closer coordination in the field of international road transport.
The document was signed by Reza Akbari, Iran’s Deputy Minister of Roads and Urban Development and head of the Road Maintenance and Transportation Organization, Shayesteh Saeedmoradzadeh, Deputy Minister of Transport of Tajikistan, and Yar Mohammad Ramazan, Director General of Legal Affairs and Agreements at Afghanistan’s Ministry of Transport and Civil Aviation.
Officials said the agreement reflects the three countries’ shared commitment to improving regional connectivity, expanding trade and making more effective use of existing transit corridors.
The initiative is expected to support greater economic cooperation, facilitate the movement of goods and strengthen Afghanistan’s role as a key transit link between Central and South Asia.
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