Major companies from Russia, Kazakhstan, and Uzbekistan have shown interest in investing in Afghanistan’s oil and gas mines, Afghan broadcaster TOLOnews reported citing the country’s Ministry of Mines and Petroleum.
Homayoon Afghan, spokesperson for the ministry, says they welcome foreign companies to invest in Afghanistan’s oil and gas mines.
According to Mr. Afghan, recently two large Russian and Uzbek companies have expressed interest in investing in Afghanistan’s oil and gas mines.
The spokesperson for the Ministry of Mines and Petroleum said: “Interest from Central Asian companies in Afghanistan’s oil and gas sector has greatly increased. Recently, we had meetings with Uzbek companies. The Ministry of Mines and Petroleum has announced several oil and gas sites for attracting investments, including the Herat oil and gas fields.”
According to statistics from the Ministry of Mines and Petroleum, Afghanistan has over 200,000 square kilometers of oil and gas reserves, but it purchases nearly 90% of its oil and gas needs from Central Asian countries and Iran.
