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Afghanistan’s second oil refinery plant inaugurated

in Afghan Business

Afghanistan’s second oil refinery plant inaugurated

oil refineryMinistry of Commerce and Industries officials have reported that Afghanistan’s second oil refinery plant has begun its operations.

Situated in Hairatan port, the plant is owned by an Afghan businessman and has a capacity of refining 840 tons of oil daily.

The country’s first oil refinery, Kam International Oil, was established in August of this 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.

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