INSUBCONTINENT EXCLUSIVE:
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
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
“& 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.
