close
This ad will auto close in 10 seconds

Afghanistan discovers new oil deposit: Ministry

Afghanistan`s mining ministry announced on Sunday that a new oil deposit with an estimated 1.8 billion barrels of crude had been discovered in the relatively peaceful north of the war-torn country.



Kabul: Afghanistan`s mining ministry
announced on Sunday that a new oil deposit with an estimated 1.8
billion barrels of crude had been discovered in the relatively
peaceful north of the war-torn country.

"It`s a totally new oil deposit, which extends in a
triangle between Balkh, Hairatan and Shuburghan", ministry
spokesman Jawad Omar said.

"The reserves of the new deposit are estimated at
1.8 billion barrels of crude," he added.

Geologists are not expected to complete further
assessments on the ground until January and then the deposit
will be opened to tender, Omar said.

It is the sixth oil deposit discovery in
Afghanistan. The largest are found in the Amu Daria river
basin marking the border between Afghanistan, Uzbekistan
and Tadjikistan.

There are others in Herat, in the west, Helmand in
the south and Paktia in the southeast.

In late June, Afghanistan`s mines minister
Wahidullah Shahrani said he had been in talks with oil giants
Total and ENI as well as Canadian firm Heritage Oil about
exploration deals in Afghanistan.

PTI

From Zee News

0 Comment - Join the Discussions