English | دری

Industries Ministry Awaits Allocation of $35m for Oil Imports

in Afghan Business

Industries Ministry Awaits Allocation of $35m for Oil Imports

Afghanistan’s Ministry of Finance allocated US$35 million for the country to purchase oil this year, but the Ministry of Commerce and Industries officials say they still have not received it.

Finance Minister Hazrat Omar Zakhilwal told TOLOnews that the money had been transferred by a “defined code” to the Commerce Ministry account.

The code stopped the funds from being used for other purposes, he said.

“We have allocated $35 million to the Ministry of Commerce and Industries in order to purchase oil,” he said.

However, Oil and Gas Industry officials said that they had not received the money yet.

Oil and Gas Tenure Director Farid Ahmad Shirzai said: “We want the Finance Ministry to give us the money as soon as possible so we can import the oil to our bazaars.”

It is understood that the Commerce Ministry wanted $50 million for oil imports and to compete with private sectors after the high price of oil last winter, but the Finance Ministry only paid $35 million.



Related Articles

The 8th Annual U.S.-Afghanistan Business Matchmaking Conference (BMC) 2012

The 8th Annual U.S.-Afghanistan Business Matchmaking Conference (BMC) 2012 will build on the successes of the previous conferences, which have

Time for EU to lift ban on Safi Airways: IATA chief

The International Air Transport Association (IATA) Director General Tony Tyler called on the European Union (EU) to lift its ban

World Bank pledges continued support for Afghanistan

World Bank Senior Vice President for Operations Kyle Peters pledged continued support for Afghanistan on a two-day visit to Kabul

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Your e-mail address will not be published.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*