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TAPI construction to start in Herat next year

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(Last Updated On: December 3, 2020)

Minister of Mines and Petroleum Mohammad Haroon Chakhansuri on Thursday said that construction work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project will kick off next year.

Speaking at a press conference Chakhansuri said the ministry has established an effective coordination mechanism between government institutions involved in the TAPI project and also with international institutions and TAPI partners.

“Fortunately, all the administrative, technical and legal problems of the TAPI project have been resolved and the practical work of this project will start next year in Herat province,” said Chakhansuri.

The minister also said that another project the ministry is working on is the construction of a 94.5 km-long gas pipeline from Sheberghan, capital city of Jawzjan province, to Mazar-e-Sharif and construction work will start in the next three months.

“The gas that will be transferred from Sheberghan to Mazar-e-Sharif through this pipeline will be used to generate 50 megawatts of electricity,” said Chakhansuri.

The minister said that soon 67 projects that have been approved by the High Economic Council will be put out to tender in accordance with Afghanistan’s mining laws and after the completion of the process companies that meet the standards will be awarded the contracts.

“These 67 projects will add 150 to 170 million Afghanis to Afghanistan’s national income, in addition to which 5 million Afghanis will be invested in these projects for five years and will directly provide employment to 3,000 people,” Chakhansuri said.

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Acting commerce minister meets Russian deputy PM

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(Last Updated On: May 17, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, met with Russia’s Deputy Prime Minister Alexei Overchuk to discuss trade and investment, it was announced on Friday.

Sergey Pavlov, General Director of Russian Railways, and Dmitry Zverev, Deputy Minister of Transport of Russia, were also present in the meeting, the Ministry of Industry and Commerce said in a statement.

According to the statement, the two sides discussed increasing the volume of trade, preferential tariff for Afghan goods, Russian investment in mines and water dams in Afghanistan, and Afghanistan’s role in the International North–South Transport Corridor.

They also discussed about reducing the cost of transportation through the Russian railway, removing the export tax on basic materials, arranging the trip of the delegation to the ports of Astrakhan and Makhachkala, and holding a trade connectivity conference and an expo of Afghan products in Moscow.

Azizi met with the Russian deputy PM on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

He also met with representatives of a number of Tatarstan and Russia companies and encouraged them to invest in Afghanistan.

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Azizi meets with head of Tatarstan on sidelines of Kazan Forum

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(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.

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

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(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.

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