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US spent Almost $500 million to mine oil, gas, and minerals in Afghanistan

The continuing slump of crude prices has affected not only the oil and gas companies, but also nations who have invested millions and/or billions to extract oil and gas at known mining spots in the Middle East. Afghanistan is amongst

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Oil price drops by 20% in Afghanistan

Oil price has declined by 40% around the world over the past 5 years, which has resulted in a 20% decline in oil price in Afghanistan. Afghan Ministry of Commerce and Industries (MoCI) spokesperson, Musafir Quqandi, said the Ministry would

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New standards to be applied to ensure oil quality at Afghan refineries

In an bid to ensure quality at oil refineries, the Afghan National Standard Authority (ANSA) has taken the responsibility to apply standards approved by the High Council of Standards. Recently, 101 new standards have been approved and will soon be

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Council’s decision in favor of Ghazanfar opposed by AOI

Afghan Association of Oil Importers have opposed the recent decision by the Council of Minister to permit Ghazanfar Group to import semi-refined crude oil. The Association has warned that oil importers would go on strike and halt investment in Afghanistan

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Council's decision in favor of Ghazanfar opposed by AOI

Afghan Association of Oil Importers have opposed the recent decision by the Council of Minister to permit Ghazanfar Group to import semi-refined crude oil. The Association has warned that oil importers would go on strike and halt investment in Afghanistan

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Russia offers oil to Afghanistan at a discounted rate

Russia has agreed to sell oil to Afghanistan at a discounted price of USD 95 on each ton of oil and USD 55 on each ton of diesel fuel. Afghan Ministry of Commerce and Industries approached Russia for an oil

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Afghanistan’s second oil refinery plant inaugurated

Ministry 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

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International company signs oil deals with Afghanistan

Afghanistan has signed contracts for two blocks of oil in Sandquli and Mazar-e-Sharif with an international oil and gas exploration company called Dragon Oil. The Sanduqli block borders Turkmenistan and Uzbekistan in the north and spans 2,583 square kilometers. The

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President Karzai urges Turkey to enhance economic ties

During a meeting with Turkish Energy Minister Yildiz in Kabul, President Hamid Karzai urged him to expand economic ties with Afghanistan by bringing in Turkish investors into the fuel and gas resources of Afghanistan. Also present at the meeting, Mines

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Council of Ministers to soon approve Afghanistan’s mining laws draft

The Council of Ministers gives preliminary approval to the delayed mining laws of Afghanistan. According to the presidential palace press release, the Council of Ministers decided Monday to approve the mining laws draft. Ministry of Justice and Mines are required

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ACCI calls for control of substandard fuel entering Afghanistan

Afghanistan Chamber of Commerce and Industries (ACCI) called for the Afghan National Standards Authority (ANSA) to carryout enhanced observations of the fuel. The request comes as the Ministry of Commerce Oil and Gas Enterprise Department reduced prices on the fuel

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Fuel smuggled to Afghanistan through a renowned Iranian company

A number of Iranian newspapers have reported about the smuggling of fuel to Afghanistan through a well-known Iranian company. The Khorasan Gazette from the Razavi Khorasan Province nicknamed the company as “R”, and it does not name any Iranian government

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Iran allows only two Afghan companies to import oil to Afghanistan

Commerce adviser from the Afghan embassy in Tehran, Haji Abdul Hadi Farhang, has requested the Iranian government to eliminate ban on the purchased oil tankers going from Iraq to Afghanistan. According to Mr. Farhang, Iran presently allows only two Afghan companies to

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FMC to make oil refinery in Afghanistan

America’s FMC oil and gas corporation would invest in refining Amu river oil in a joint venture with an Afghan company. The oil refinery will have the capacity to refine 60 barrels of oil on a daily basis. The contract

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60 tankers of poor quality oil are prevented from entering Afghanistan-Herat officials

Herat’s oil and gas department reported that 60 tankers of poor quality oil are prevented from entering Afghanistan this year. According to the officials, these tankers were coming from Iran. Director of the oil and gas department Khesraw Abdullah said

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3 companies shortlisted for oil extraction in Afghanistan

Minister of Mines Waheedullah Shahrani announced on Monday that bids from companies of Kuwait, the United Arab Emirates and Turkey have been shortlisted for a major oil and gas exploration project in the Tajik Basin in northern Afghanistan. The companies

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Abdul Ghafar Dawi has not yet returned Kabul Bank loans-Hameedullah Mohebbi

Head of the Kabul Bank Receivership Department, Hameedullah Mohebbi, said Abdul Ghafar Dawi, ower of the Dawi Oil Corp, has not yet returned a loan of worth about USD 40mn to Kabul Bank. Mr. Mohebbi called on Abdul Ghafar Dawi

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Oil extraction begins in Amu River in northern Afghanistan

The China National Petroleum Corporation begins extracting oil from the Amur River basin in northern Afghanistan. The firm won the 25-year contract for oil extraction last year, covering drilling and a planned refinery in the northern provinces of Faryab and

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Afghanistan must tackle corruption to entice investors

A senior American official, Assistant Secretary for South and Central Asian Affairs Robert Blake, urged the Afghan government to open up its economies to woo foreign-direct investments from the US by ensuring good governance devoid of corruption. As the US

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Regional intelligence interrupting mining services in Afghanistan

Mining Ministry Waheedullah Shahrani said that insecurity in Afghanistan is lessening foreign companies’ interest in investing in the mineral sector of Afghanistan. Afghanistan’s mineral sector is considered one of the main sources of income for the country post-2014; however, officials

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Exxon’s appetite to invest in Afghanistan fading?!

Mining Minister Waheedullah Sharani said that Exxon Mobil Corp, the world’s biggest non-state oil company, has not yet turned up for a site tour of the new Afghan oil concession in the north of the country. Exxon is one of

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Afghanistan minerals smuggled to Pakistan

Minister of Mines Wahidullah Shahrani informed the Meshrano Jirga, or upper house of parliament, about the smuggling of precious and semi-precious stones from Afghanistan to Pakistan. Pakistan generates about USD 350mn revenue on smuggling of these stones annually, while Afghanistan

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Russia supplies fuel to Afghanistan to stable fuel prices

Russia has supplied 10,000 tons of fuel to Afghanistan to help stable the oil prices in Afghanistan. The contract for oil supply of 500,000 tons of fuel to Afghanistan was signed between the two countries last year, in a bid

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Police seals illegal diesel factory in Herat

A diesel factory on the Islam Qala highway of Herat has been discovered and sealed by Herat police for running illegally with fake documents and selling poor quality fuel. The owner along with two others linked to the store is

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Fuel traffickers becoming more active in Herat

Officials at Herat’s oil and gas administration department reported that mafia groups are becoming more active in importing poor quality fuel into the country. The officials call for legal actions to be taken against these mafia groups. Khesraw Abdullah, Head

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