English | دری

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.



Related Articles

Citizen Information Center Brings More Transparency and Accountability to Kabul Municipality

USAID Press Release-The Kabul Municipality inaugurated today the first Citizen Information Center (CIC) in Afghanistan.  The CIC is located within

Afghan Government and international donors meet to promote renewable energies

Around 30 representatives from the Afghan Government and the donors met on Wednesday to review the achievements the renewable energy

Agricultural products grow considerably this year: Agriculture Ministry

Favorable climate, improved irrigation, provision of trainings for farmers and prevention of diseases are cited as major factors behind this

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Your e-mail address will not be published.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.