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Afghanistan’s oil sector is a source of growing interest among investors: IEA

Afghanistan Chamber of Commerce and Investment (ACCI) officials meanwhile called on the ministry to also focus on increasing the operational capacity of established oil extraction companies and in building refineries instead of focusing on attracting foreign investors.

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Afghanistan’s Ministry of Mines and Petroleum reports that the country’s lucrative oil sector is generating growing interest from a number of countries in the region including Iran, Turkey, Russia and Uzbekistan.

According to officials, companies in these countries have shown serious interest in investing in the extraction and refinement processes.

The ministry has however called on Afghan investors to also take advantage of opportunities in the sector.

Afghanistan’s Crude Oil Refinery Union has meanwhile urged the Islamic Emirate to support local investors in the extraction process but also by establishing refineries that meet international standards.

Afghanistan’s Crude Oil Refinery Union has meanwhile urged the Islamic Emirate to support local investors

Afghanistan Chamber of Commerce and Investment (ACCI) officials meanwhile called on the ministry to also focus on increasing the operational capacity of established oil extraction companies and in building refineries instead of focusing on attracting foreign investors.

Muhammad Younus Mohmand, Vice-Chairman of the ACCI, said: “Our wish is that the refineries that people invest in, in Afghanistan, should be supported.”

According to union officials, over $300 million has already been invested in the sector in the country, providing jobs to thousands of workers.

Working towards self-sufficiency

Despite having over 200,000 square kilometers of oil and gas reserves, Afghanistan currently purchases nearly 90 percent of its oil and gas needs from Central Asian countries and Iran.

But growing interest from companies in the region could mark a significant shift in Afghanistan’s energy sector, potentially reducing its reliance on imports and boosting regional economic ties.

Earlier this month, the ministry of mines and petroleum reported that it had successfully sold $80 million in crude oil.

For Afghanistan this was a major leap in the direction of growth, especially after China’s Xinjiang Central Asia Petroleum and Gas Company’s (CAPEIC) investment in Afghanistan last year of $49 million has helped boost the country’s daily crude oil output to more than 8,000 bpd.

Spanning Afghanistan and Tajikistan, the Amu Darya basin, where oil is extracted, is estimated to contain 962 million barrels of crude oil and 52,025 billion cubic feet of natural gas.

So far, CAPEIC’s investment of $49 million in Afghanistan has helped boost the country’s daily crude oil output to more than 1,100 metric tons (8,000 barrels per day), a volume that could increase significantly.


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Ministry of commerce allocates land for oil refineries


 

Business

Afghanistan exports first stone shipment to US in $100,000 trade milestone

The export was coordinated through the Herat Chamber of Industries before being shipped to the U.S.

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Afghanistan has exported its first shipment of natural stone to the United States, marking a significant milestone in the country’s efforts to expand mineral exports and strengthen its foothold in international markets.

The shipment, valued at $100,000, was sent by a private Afghan company and consists of black stone extracted from the Zindajan mine in the western province of Herat.

The export was coordinated through the Herat Chamber of Industries before being shipped to the U.S.

Industry officials said the export underscores the growing potential of Afghanistan’s mining sector, which is home to vast untapped reserves of minerals and natural stone. They expressed hope that increased access to international markets would encourage investment, boost production, and create new employment opportunities.

Herat, one of Afghanistan’s principal commercial and industrial centres, has long played a key role in the country’s trade due to its strategic location and abundance of natural resources. Officials believe expanding exports of locally sourced minerals could help diversify Afghanistan’s economy and strengthen the private sector.

The shipment forms part of broader efforts to increase Afghanistan’s exports and promote the country’s mining and industrial products in global markets.

Authorities have repeatedly identified the mining sector as a key driver of long-term economic growth, with natural stone among the products expected to attract greater international demand.

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Economic Commission approves expansion of Sher Khan port to boost regional trade

The commission also approved extending the port’s operating hours in coordination with Tajikistan to facilitate the movement of a greater number of commercial vehicles and improve cross-border trade.

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Afghanistan’s Economic Commission has approved a series of measures to expand the capacity of Sher Khan Port in an effort to strengthen trade with Tajikistan, Kyrgyzstan, and China.

The commission, chaired by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, met on Tuesday to review proposals submitted by the Ministry of Transport and Civil Aviation aimed at increasing regional trade through the northern border crossing.

According to the approved plan, the Ministries of Finance, Interior, and other relevant institutions will develop new infrastructure at Sher Khan Port and expand existing facilities to accommodate growing trade volumes.

The commission also approved extending the port’s operating hours in coordination with Tajikistan to facilitate the movement of a greater number of commercial vehicles and improve cross-border trade.

In addition, the Ministry of Finance was instructed to allocate funding for the construction of a logistics center at Sher Khan Port. The facility will provide customs services, warehousing, cargo handling, and freight-loading operations to streamline trade activities.

The meeting also directed the Ministry of Public Works to construct the necessary railway infrastructure inside Afghanistan to activate the ECO railway corridor, a regional transport initiative linking Iran, Afghanistan, Tajikistan, and Kyrgyzstan under the framework of the Economic Cooperation Organization (ECO).

Separately, the commission decided that several state-owned entities will transfer their scrap iron to the National Development Company, which will process the material into standard steel reinforcing bars (rebar) for use in major government infrastructure projects.

The commission also endorsed 37 national standards and 12 testing methods proposed by the National Standards and Quality Authority. The standards cover agricultural products, food items, pharmaceuticals, construction materials, telecommunications and electrical equipment, chemicals, plastics, medical equipment, and several other sectors. Officials said the standards were developed in line with Afghanistan’s current needs and international benchmarks.

The meeting concluded with the presentation of follow-up reports on a number of ongoing issues, and relevant institutions were given the necessary directives. All decisions adopted during the session have been forwarded to the Office of the Supreme Leader for final approval.

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Afghanistan, Uzbekistan sign $50 million worth of trade agreements at Mazar-e-Sharif forum

The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.

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Afghanistan and Uzbekistan signed 25 cooperation agreements worth $50 million during a bilateral business forum held in the northern city of Mazar-e-Sharif, officials said.

Faiz Ahmad Khawafi, Deputy for Provincial Affairs at the Afghanistan Chamber of Commerce and Investment, said the agreements were signed in the presence of 130 Uzbek businessmen and investors, the governor of Uzbekistan’s Fergana region, as well as Afghan local officials and private sector representatives.

According to Khawafi, the agreements aim to expand bilateral trade, boost investment, and strengthen economic cooperation between Afghanistan and Uzbekistan.

The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.

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