Connect with us

Business

IEA signs agreement with Turkmenistan and Iran to import oil and gas

Published

on

(Last Updated On: July 25, 2022)

The Islamic Emirate of Afghanistan (IEA) has signed contracts with Turkmenistan and Iran to import thousands of tons of oil and gas – amid rising fuel prices not only in Afghanistan but also globally.

The acting deputy prime minister’s office said Monday that the public can expect changes in oil and liquid gas prices in the near future, adding that thousands of tons of gas has arrived at the land ports of Aqina, Hairatan and Torghandi.

However, the Herat police command said that they have seized tons of low-quality oil in recent months.

“We ask national businessmen to stop importing low-quality oil into the country, and if anyone still imports low-quality oil, they will be prosecuted,” said Juma Khan Elham, head of the anti-corruption unit at Herat police command.

At present, the price of gas and oil in the country has risen dramatically.

“The Islamic Emirate of Afghanistan has signed a large oil import contract with Iran, which will arrive soon, so we are trying to lower the price of oil,” said Ahmad Shah Ezat, head of Herat Petroleum and Liquid Gas Department.

On the other hand, residents of Herat want the IEA to control the price of fuel on the domestic market.

“We request the government control the price of oil, one liter of oil is 85 AFN,” said Ratib Hamidi, a resident of Herat.

While shipments of fuel as per the latest agreements with Iran and Turkmenistan have not yet arrived in the country, IEA authorities have said once landed and on the open market, the prices will be reduced.

Business

Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

on

(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.

Continue Reading

Business

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

Published

on

(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.

Continue Reading

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

on

(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!