The Ministry of Mines and Petroleum of Afghanistan has actually confirmed that oil extraction in the Amu Darya basin continues without interruption, now under the management of Afghan engineers, following the recent termination of an agreement with the Chinese company Xinjiang Central Asia Petroleum and Gas Co.
(CAPEIC).
According to the ministry, Afghan technical groups have stepped in to lead the operations utilizing local know-how, making sure the extraction procedure remains on track in spite of the withdrawal of China’& rsquo; s support.
& ldquo; We have enough capacity in the extraction sector,” & rdquo; said Humayoun Afghan, spokesperson for the Ministry of Mines and Petroleum.
“& ldquo; Our Afghan engineers are leading the work anywhere possible.
If the requirement arises, we are open to partnering with foreign or personal companies.
There has actually been no official interest in moving operations to the private sector so far.” & rdquo; The ministry had formerly announced that the contract with CAPEIC—-- checked in 2023 with a vowed financial investment of $150 million in the first year and a forecasted $540 million over 3 years—-- was canceled due to repeated violations of contractual terms.
Regardless of the termination, officials worry that extraction activities at the Qashqari oil field and other sites have not been disrupted.The Afghanistan Crude Oil Refinery Union likewise reported that work at the Qashqari field is proceeding smoothly under domestic leadership.“& ldquo; We call for training and the advancement of brand-new capabilities so that we can utilize domestic resources and workforce in oil-rich areas throughout the country.
This can play a significant role in attaining financial self-sufficiency and improving domestic production,” & rdquo; stated Zabihullah Nazari, the union’& rsquo; s deputy head.Economic analysts view this shift toward domestic control as a prospective turning point for Afghanistan’& rsquo; s resource sector.
Experts state leveraging regional capacity in oil and gas can decrease reliance on foreign business, foster nationwide resilience, and add to long-lasting sustainable advancement.
The post Chinese oil offer cancelled, Afghan professionals take control of Amu Darya fields first appeared on TINS News|Afghanistan News.