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

India offers 1000 scholarships for Afghan students for the academic year-2016

To further strengthen the close friendly relations between Afghanistan and India, the Government of India continues to offers 1000 student

Handicraft market for Afghan women inaugurated in Helmand

A handicraft market for women has been opened in southern Helmand province. Addressing the inaugural ceremony, Deputy Governor Ahmad Masood

Joint Afghan-Spanish school to open soon in Kabul

A joint Afghan-Spanish private primary school building has been inaugurated in Omid Sabz area of western Kabul. Loi Serat Soo,

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Your e-mail address will not be published.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.