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

Poland and Afghanistan signs cooperation agreement

Afghan Foreign Minister Zalmai Rassoul signed a cooperation agreement with his Polish counterpart Radoslaw Sikorski in the areas of politics,

EU to aid 60mn EUROS to Afghan government

The European Union will aid 60mn EUROS to the Afghan government for the purpose of good governance and justice. Of

Afghan carpets secure first position in Dubai exhibition

Afghan carpets were recognized as the best rugs and secured the first position during a Middle East exhibition in Dubai.

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Your e-mail address will not be published.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.