Afghanistan shortlists 3 organizations with regard to oil venture

Minister associated with Souterrain Wahidullah Shahrani said Monday that bids from Dubai's Kavalerist Essential oil, Fahad Al-Tamimi, Mining Kuwait Power, and also the Turkish Oil Corp. are already selected for your tender involving exploration rights within the Tajik Container in northern Afghanistan.

The actual basin's oil supplies are estimated in more than one million barrels. The government said in a statement the bids is going to be considered within a "thorough, see-thorugh, and reasonable bidding process till the announcement in the results of the assessment process, inch adding that this contract will be signed inside March. The statement said 20 international companies experienced expressed interest in the task and that eight were judged qualified, which includes Texas-based Exxon Mobil. The actual Tajik Basin is situated between northern metropolitan areas of Mazar-i-Sharif and also Kunduz. The tender includes the particular six blocks known to include hydrocarbon stores. The blocks may be granted to a individual bidder or to multiple buyers, the ministry stated. Afghanistan continues to be looking for ways to exploit some of it is mineral wealth to offset the loss of profits when foreign aid and spending declines in step with all the withdrawal regarding international combat troopers simply by year-end 2014. The federal government continues to be keen to produce an oil-extraction and improving capability for your landlocked state, which can be entirely dependent on gas imports from neighboring Iran and Main Asian countries. Afghanistan's mineral wealth - predicted up to $3 trillion dollars - have been detailed in many surveys, the most extensive that were performed through the Soviets in the early 1970s. Gold mining companies, both Afghan and overseas, have shown interest, notably within the copper mineral, iron and also oil. Also highly sought are usually so-called rare world elements, found in cell phones, mixed car batteries, wind generators and by the defense

industries.

But mineral riches are scattered throughout the country, including within the war-wracked the southern area of and eastern locations. China's Nationwide Petroleum Corporation grew to become the first foreign company to start oil creation extraction within Afghanistan, and it is scheduled to build the nation's first refinery next several years. The Chinese firm's written agreement covers gas obstructs in Sari Pul as well as Faryab, a location called the Amu Darya Waterway Basin that was first researched by Soviet engineers nearly five decades ago, . Tiongkok has also created a hefty investment in Afghan mineral deposits, signing a $3 billion contract to mine birdwatcher. Sudan will host the 12th conference of the Arab Industry and Mining Business and the gatherings of the Arab exploration ministers. The 2 events are organised through the Ministry of Mining beneath the patronage of the presidency. Arab gold mining ministers, professionals, members and heads of mining associations, entrepreneurs and investors, and associates of related Arabic and foreign organizations will take portion in the conference. The topics to become discussed are the current actuality of mining in Arab nations around the world, investment potential customers, geological research, mineral exploration, today's

technology in materials exploration and remedy, laws overseeing mining, as well as ways to preserve the environment in mining areas.