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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.

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