Business

Excavation of gas well completed in Jawzjan

Published

4 years ago

August 16, 2020

(Last Updated 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.

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$23 million pharmaceutical company opens in Kabul

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

Published

16 hours ago

July 26, 2024

Ariana News

(Last Updated On: )

A new pharmaceutical company, costing $20 million, was officially opened on Thursday in Kabul in the presence of Islamic Emirate leaders, including Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar.

The new company will reportedly manufacture 50 different types of drugs once fully operational.
Addressing the launch ceremony on Thursday, Baradar outlined the importance of quality in terms of pharmaceuticals and said poor-quality drugs threaten lives while good-quality medicines can save lives.

Baradar also pointed out that more manufacturing companies like this will help grow the country’s economy.

He once again called on investors, both in the country and abroad, to help in the reconstruction and development of the country and start businesses. He also said the way has been paved for them to invest and that they should make use of the opportunities available.

Health officials meanwhile said that currently there are 77 pharmaceutical companies in the country and that serious efforts are being made to make the country self-sufficient in this regard.

The Islamic Emirate officials also stated that while they fully cooperate with pharmaceutical companies, these manufacturers need to produce drugs that meet international standards.

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Sugar exports to Afghanistan resume after four year break

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

Published

2 days ago

July 25, 2024

Ariana News

(Last Updated On: )

Sugar exports from Pakistan to Afghanistan resumed this week after a four-year suspension, with over 400 vehicles crossing the Torkham border in the last four days.

According to Pakistan sources, Islamabad recently agreed to the export of 150,000 tons of sugar to Afghanistan, setting an August 15 deadline for the completion of the shipment process.

Customs clearing agents at Torkham said around 100 vehicles, each carrying 33 tons of sugar, crossed into Afghanistan four days ago and more thereafter.

Islamabad banned the export of sugar to Afghanistan four years ago to address shortages and control prices in the country.

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Chinese keen on investing in Afghanistan’s solar power sector

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

Published

4 days ago

July 23, 2024

Ariana News

(Last Updated On: )

The Ministry of Industry and Commerce says that Ahmadullah Zahid, deputy minister, met with a number of Chinese investors in his office on Tuesday.

According to a statement issued by the ministry, Ehsanullah Shahab, the head of special economic zones, was also present in this meeting, where investors from China expressed their interest in investing in solar power generation and agriculture technology sectors.

At the same time, the deputy minister welcomed their interest and stated that Afghanistan is a place of opportunities for investment and that the ministry is ready to cooperate.

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