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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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World Bank report finds Afghan revenue collection strong

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(Last Updated On: January 27, 2023)

The World Bank on Wednesday published its latest report on Afghanistan’s economy and painted a slightly positive picture – stating that in the first nine months of the fiscal year 2022, exports were good, the exchange rate was stable and the Islamic Emirate’s revenue collection had been strong.

The World Bank stated that inflationary pressure in Afghanistan has eased since July of last year, decelerating by half to 9.1 % in November, while most basic food and non-food items are still widely available. The report stated the decline in inflation was due to lower global oil and food prices, along with a stable exchange rate.

The bank stated that Afghanistan exported $1.7 billion worth of goods during this time, an increase of approximately 90% compared to the full year 2021.

The report noted that January to June 2022 data shows the country imported $2.9 billion of goods.

In addition, the report stated that revenue collection had remained strong, reaching $1.54 billion between March and December 2022, in line with 2020 results.

A major chunk of the revenues came from taxes collected at borders and non-tax sources while a rise in coal mining royalties and fees were likely the drivers of the increase in revenue, the report found.

The report also noted that most government workers in Afghanistan have received salaries regularly and that their main problem was the lack of cash in banks when withdrawing their salaries.

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New labor minister promises to provide job opportunities to curb migration

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(Last Updated On: January 27, 2023)

Abdul Manan Omari, the new minister of labor and social affairs, says the ministry will try to provide job opportunities for people inside the country so as to stop Afghans from seeking work outside the country.

In an introductory ceremony on Thursday in Kabul, the new minister said the ministry will also try to defend the rights of Afghans working in other countries, as well as create job opportunities in order to curb migration.

Meanwhile, Noorul Haq Anwar, the head of the Administrative Office, said at the event that the Islamic Emirate is a national system and is committed to providing balanced services throughout the country.

“The rights of all citizens will be addressed,” said Anwar.

According to him, many attempts have been made to weaken the country’s economy, but they have managed to control this.

He said they will not allow anyone “to lead the country to an economic crisis” and expressed hope that with the changes in the leadership of the Ministry of Labor and Social Affairs, services will improve.

Currently, the country’s unemployment rate is estimated to be at above 90% as hundreds of thousands of people lost their jobs following the withdrawal of foreign troops and the collapse of the former government.

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Uzbekistan to resume electricity exports to Afghanistan

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(Last Updated On: January 24, 2023)

Uzbekistan will resume electricity exports to Afghanistan from Wednesday after a 10 day stoppage.

Tashkent suspended supplies on January 14 due to the extreme cold, which led to a fuel shortage at their power plants.

The Ministry of Energy in Uzbekistan said that supplies to Afghanistan were temporarily stopped as a result of fuel shortages and various technical problems, as well as to ensure a stable energy supply to consumers in Uzbekistan.

The Ministry said it had warned the energy company Da Afghanistan Breshna Sherkat (DABS) about the situation.

Bakhtar news agency reported that the Ministry of Foreign Affairs of Uzbekistan on Tuesday assured the Ministry of Foreign Affairs of Afghanistan that within the next 24 hours, 250 megawatts of electricity will be provided to Afghanistan.

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