Business
Excavation of gas well completed in Jawzjan
The Ministry of Mines and Petroleum announced Sunday that excavation of Well no. 36 located at the Yatim Taq gas field in Jawzjan province is completed.
The ministry said in a statement that after drilling the well to the depth of 1600km the gas extraction has been functioning.
This is the second gas well that the ministry has managed to excavate in the past 40 years.
In April, the ministry had succeeded in extracting the natural gas after excavating the well no. 32 to a depth of 1500km.
The natural gas extracted from both wells is expected to be put to use in different areas including supplying to some local companies such as Bayat Power and Ghazanfar Group.
“From the extracted gas, Bayat, Power and Ghazanfar Group power generation plants, Mazar-e-Sharif fertilizer and electricity factories and other consumers will be supplied,” the statement said.
Bayat Power, Afghanistan’s largest, Afghan-owned and operated Power Production Company, is one of the local companies that has invested in electricity production utilizing natural gas.
In November 2019 the company officially started the commercial operations of its vital and historic mission to provide reliable and affordable electric power from Bayat Power-1, the region’s most technologically advanced gas-fired electric power plant and Afghanistan’s first new gas-based power production plant in more than forty years, to the people of Afghanistan.
The power plant is located in Sherberghan of Jawzjan province and provides the power essential for Afghanistan’s economic growth.
The use of natural gas in energy production, specifically by Bayat Power has the potential to boost domestic energy production to 200MW as planned, provided Afghan Gas can deliver the much-needed fuel to operate the state of the art SGT-A45 Siemen’s turbines, which are the first to be deployed worldwide, in Afghanistan.
Meanwhile, the Ministry of Mines and Petroleum stated that both wells are expected to result in the extraction of 300,000 cubic meters of natural gas daily.
The MMP noted that extraction of the gas from these refinery wells would add 8 million US dollar revenue to Afghanistan’s yearly income.
In addition, it has been estimated the refineries will generate jobs for 250 people.
Iranian President Masoud Pezeshkian has said that Tehran will facilitate trade and economic exchanges with Afghanistan, including easing procedures at customs and local marketplaces.
He made the remarks during a televised interview following his visit to South Khorasan province, which shares a border with Afghanistan.
Pezeshkian, in a separate event addressing local business leaders, highlighted the province’s strategic advantages, citing its rich mineral resources, proximity to neighboring countries such as Afghanistan and Pakistan, and access to the ocean via the Chabahar port. He described the region as “a golden opportunity not found everywhere,” emphasizing its potential for economic growth and cross-border commerce.
A Kazakh delegation led by the Deputy Minister of Finance of Kazakhstan met with Sediqullah Khalid, First Deputy Governor of Da Afghanistan Bank, to discuss ways of strengthening banking and economic cooperation between the two countries.
According to a statement issued by Da Afghanistan Bank, Khalid said the central bank is keen to establish regular and effective banking relations with Kazakhstan as part of broader efforts to expand bilateral trade.
He noted that enhanced banking cooperation would help facilitate trade, investment, and wider economic interaction between Afghanistan and Kazakhstan, while also contributing to financial stability at the regional level.
Members of the Kazakh delegation also emphasized the importance of developing banking and economic ties and expressed their readiness to expand joint cooperation.
The two sides further agreed to establish technical committees from both countries to hold expert-level discussions and advance practical steps for cooperation.
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
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