The Ministry of Mines and Petroleum on Tuesday announced that it has sold 60,000 tons of crude oil extracted from Qashqari wells in Sar-e-Pul province for around $33 million.

A total of 18 companies participated in the bidding ceremony held on Tuesday.

In the ceremony, Acting Minister of Mines and Petroleum Shehabuddin Delawar said that if the contracted company performs better, extraction of oil in Qashqari will increase to 3,000 tons per day.

Delawar said that some foreign companies are interested in investing in the oil sector in Afghanistan.

“Let’s work hard and extract oil. God has brought security, Islamic system and transparency,” he said.

Officials of the winning company said that they will refine the purchased oil inside the country, noting that it will create job opportunities for locals.

Currently, more than 1,000 tons of oil are extracted from 24 oil wells in Qashqari.

An estimated 6.5 million children in Afghanistan – or nearly three out of ten – will face crisis or emergency levels of hunger this year as the country feels the immediate impacts of floods, the long term effects of drought and the return of Afghans from Pakistan and Iran, said Save the Children in a statement this week.

New figures forecast that 28% of the population – or about 12.4 million people – will face acute food insecurity before October. Of those, nearly 2.4 million are predicted to experience emergency levels of hunger, which is one level below famine.

The figures show a slight improvement from the last report in October 2023, but underline the continuing need for assistance, with poverty affecting one in two Afghans.

Torrential rain and flash floods this month in Northern Afghanistan have killed more than 400 people, destroyed or damaged thousands of homes and turned farmland to mud.

Children in the flood hit areas have limited access to clean water, with some reporting stomach problems, Save the Children said.

In addition, an estimated 2.9 million children under the age of five are projected to suffer from acute malnutrition in 2024.

Dr Nawid who works for a Save the Children health team in Northern Afghanistan said: “These people face financial problems. From an agricultural standpoint, they have land but don’t have water or adequate land for farming – they are jobless. These things affect children.

“When children are affected, they may not be able to go to school or may become busy working to find food for their homes. They become deprived of their rights or become ill and malnourished. All these problems are affecting children.”

The slight improvement in the numbers of children expected to experience acute hunger is linked to widespread humanitarian assistance and a projected improved harvest, among other factors – but food aid will decline this year due to funding cuts.

The European Union has pledged €200,000 ($217,000) to provide emergency humanitarian assistance to families affected by the widespread flooding that hit large parts of the country over the past weeks.

The aid will benefit 28,000 people in some of the most affected provinces, particularly in the western, northern and eastern regions, the EU said in a statement Tuesday.

The funding is part of the EU’s overall contribution to the Disaster Response Emergency Fund (DREF) of the International Federation of Red Cross and Red Crescent Societies (IFRC) and responds to an Emergency Appeal from the IFRC to fund critical interventions.

The emergency response includes the provision of health care services, shelter items, dignity kits and household items such as blankets, jerricans, tarpaulins, and kitchen sets.

Multipurpose cash grants will also be provided to ensure they can meet their daily basic needs.

The latest contribution comes on top of the aid package of €400,000, channeled earlier this month in response to the floods.

Since 10 May, heavy rainfall has been affecting northern and northeastern Afghanistan, causing widespread floods and mudslides that have resulted in casualties and extensive damage.

According to the United Nations and other media reports, more than 300 people are estimated to have died.

As thousands of houses are also destroyed or damaged, a large number of people are displaced and in need of humanitarian assistance. The floods of this spring have affected 24 out of a total of 34 provinces in Afghanistan.