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Excavation of gas well completed in Jawzjan

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(Last Updated On: August 16, 2020)

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.

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Acting commerce minister meets Russian deputy PM

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(Last Updated On: May 17, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.

Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.

According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.

They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.

Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

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(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

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Afghanistan’s imports and exports totaled $10.3 billion last year

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(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

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