Afghanistan’s oil and gas mines are drawing significant attention from major companies in Russia, Kazakhstan, and Uzbekistan. The Afghan Ministry of Mines and Petroleum reports increased interest from these countries in investing in Afghanistan’s lucrative oil and gas sectors.
Homayoon Afghan, the ministry’s spokesperson, stated that the ministry welcomes foreign companies eager to invest in Afghanistan’s oil and gas mines. Recently, two large companies from Russia and Uzbekistan have expressed their interest. This surge in interest highlights a growing trend of Central Asian companies focusing on Afghanistan’s rich natural resources.
Mr. Afghan noted the rising interest in Afghanistan’s oil and gas sector. He shared that the ministry had productive meetings with several Uzbek companies. The ministry has announced multiple oil and gas sites, including the Herat oil and gas fields, to attract such investments.
The Chamber of Commerce and Investment also emphasizes the importance of attracting foreign investments in Afghanistan’s oil and gas mines. Khan Jan Alokozay, a member of the chamber’s leadership board, stressed the need for economic and banking security to ensure the safety of these investments.
Economic experts see these potential investments as beneficial. Abdul Nasir Rashtia, an economic expert, believes that collaboration with Russian companies could significantly enhance regional cooperation. He mentioned that Russia has extensive experience in the oil sector, having previously worked in Afghanistan.
According to statistics from the Ministry of Mines and Petroleum, Afghanistan has over 200,000 square kilometers of oil and gas reserves. Despite this, the country imports nearly 90% of its oil and gas from Central Asian countries and Iran.
The focus on Afghanistan’s oil and gas mines by major foreign investors could mark a turning point for the country’s economic development. It promises not only enhanced regional cooperation but also a boost in the local economy and infrastructure.
