Connect with us

Business

Excavation of gas well completed in Jawzjan

Published

on

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.

Business

Afghanistan, Kuwait explore new investment and trade opportunities

The Afghan Embassy in Kuwait said the talks focused on Afghanistan’s security and stability, economic potential and available investment opportunities.

Published

on

Afghanistan and Kuwait have discussed expanding trade and investment cooperation during a meeting between Afghanistan’s Chargé d’Affaires in Kuwait, Mohammad Shafiq Khatib, and prominent Kuwaiti investor Ajeej Khalaf, along with a number of businessmen and investors.

The Afghan Embassy in Kuwait said the talks focused on Afghanistan’s security and stability, economic potential and available investment opportunities.

The sides stressed the importance of strengthening trade and economic ties and expanding investment cooperation between the two countries.

Khatib invited Kuwaiti businessmen and investors to visit Afghanistan, explore investment opportunities and consider investing in various sectors of the Afghan economy.

The meeting comes as Afghanistan seeks to attract more foreign investment and strengthen economic and commercial ties with regional and international partners.

Continue Reading

Business

Azizi: Afghanistan ready to attract Chinese and Uzbek investment

On the sidelines of the conference, Azizi and his delegation visited an exhibition showcasing Uzbek products and manufactured goods.

Published

on

Afghanistan is ready to attract investment from Chinese and Uzbek companies across key sectors of the economy, Minister of Industry and Commerce Nooruddin Azizi said at a trade conference in Uzbekistan’s Termez.

Speaking at the Surkhandarya–China Trade Conference, Azizi said recent exchanges between Afghan, Uzbek and Chinese officials and business delegations had opened new opportunities for trade, transit and investment.

He described China as a key economic partner and an important player in strengthening regional connectivity, while emphasizing the need to increase Afghan exports to regional markets, particularly China.

Azizi said Afghanistan was prepared to facilitate investment by Chinese and Uzbek companies in mining, agriculture, food processing, energy, manufacturing, machinery and economic infrastructure.

He also called for the development of new transit corridors linking Central Asia with China, saying Afghan exports could be transported through Uzbekistan’s trade networks to China and other regional markets.

The minister said joint investment and the processing of Afghanistan’s raw materials inside the country could create sustainable and mutually beneficial economic opportunities across the region.

Officials from Afghanistan, Uzbekistan and China, as well as private-sector representatives, attended the conference.

Balkh Governor Mohammad Yousuf Wafa highlighted the longstanding friendly relations between Afghanistan and Uzbekistan and the investment opportunities available in Balkh province.

On the sidelines of the conference, Azizi and his delegation visited an exhibition showcasing Uzbek products and manufactured goods.

Continue Reading

Business

Uzbekistan, Kazakhstan target Afghanistan in push to expand regional trade

According to Uzbek media, the initiative was discussed during the Uzbek-Kazakh Business Forum in Tashkent.

Published

on

Uzbekistan and Kazakhstan are seeking to deepen economic cooperation and jointly expand into new regional markets, including Afghanistan, as part of broader efforts to strengthen trade and investment across Central Asia and the Middle East.

According to Uzbek media, the initiative was discussed during the Uzbek-Kazakh Business Forum in Tashkent, where business leaders and trade associations from both countries explored opportunities to promote their products in third-country markets, particularly Afghanistan, Syria and Iraq.

Afghanistan featured prominently in the discussions, with participants noting that Kazakhstan’s exports to Afghanistan reached nearly $500 million during the first seven months of 2025—almost matching the country’s total exports to Afghanistan for all of 2024. Officials said the long-term goal is to increase exports to $3 billion.

The forum also highlighted growing imports of mineral raw materials from Afghanistan. Participants discussed a proposed agreement to supply Afghan zinc ore to the Almalyk Mining and Metallurgical Complex in Uzbekistan.

Beyond Afghanistan, delegates examined emerging business opportunities in Syria and Iraq, where reconstruction efforts are expected to drive demand for food products, construction materials and industrial goods.

The forum also focused on improving regional logistics. Officials discussed using available capacity on Turkish freight trucks transiting Uzbekistan, a move expected to reduce transport costs and improve access to regional markets.

At the conclusion of the forum, both sides agreed to organise joint business missions to third-country markets, including Aleppo, Syria, in late September and Erbil, Iraq, in early October, with the aim of strengthening commercial partnerships and identifying new investment opportunities.

The discussions reflect growing economic cooperation between Uzbekistan and Kazakhstan as both countries seek to expand regional connectivity, diversify exports and strengthen trade links with neighbouring markets, including Afghanistan.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2026 Ariana News. All rights reserved!