English | دری

Afghanistan supplies its first ever domestic refined oil to the market

in Afghan Business

Afghanistan supplies its first ever domestic refined oil to the market

oil refineryAfghanistan’s first ever domestic refined oil will be introduced in the market.

According to Head of Afghanistan’s oil and gas companies Azrakhsh Hafizi, over 5,000 tons of oil obtained from Amu Darya basin were sent to Kam International Oil for refinery.

He added about 2,500 tons of refined oil would be supplied in the market.

Petroleum companies have invested about USD 3bn and 750mn in the oil and gas sector of Afghanistan.

The Afghan government intends to establish a large oil reserve at a cost of USD 1.3mn.

The country’s first oil refinery, Kam International Oil, was established in August of last year. Kam International Oil, a joint investment between Kam Groups of Companies and a company in Azerbaijan, had an initial capital investment of USD 30mn.

The refinery has the capacity to refine 500 tons of oil on a daily basis.

Oil refineries would enable Afghanistan to release itself from depending on neighboring countries and approaching self-sufficiency.

Afghanistan presently requires 3 million tons of oil every year that are most imported from Turkmenistan, Uzbekistan, Russia, Pakistan and Iran.

Considering the local needs and presence of huge natural reserves, establishment of oil refineries would prevent currency flights and create job opportunities to thousands of Afghans.


Related Articles

Japan provides USD 50mn in aid to ease the governmental financial gap of Afghanistan

The Japanese Government has responded to the urgent request from the Afghan government which faces its unprecedented financial constraint in

Deputy Minister, Government Spokespersons and Award-winning Journalists Announced as Paiwand Speakers

Paiwand, Afghanistan’s First Social Media Summit, announced today on its Facebook page a list of speakers that include: • Aimal

Fuel-testing lab established at Islam Qala Port in Herat

Funded by the Afghanistan Norms and Standards Department, a USD 5mn fuel-testing laboratory has been set up at the Islam

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.