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Afghanistan To Sign Amu Oil Extraction Development With China

Written by  Manager
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Tuesday, December 27, 2011
Kabul (BNA) Council of Ministers session instructed minister of mines Wahidullah Shahrani to sign agreement for extraction and development of oil from Amu River with national oil company of China. 
Based on the agreement, the Chinese company with an Afghan company is to launch extraction and development of oil in Qahqari, Bazar Kami and Zamarud Sai areas in Sar-e-Pul and Faryab provinces. 
The fuel’s quantity in the area has been estimated to 87 million barrel. 
According to draft of the agreement which was reviewed and discussed on Monday cabinet’s session, the National Company of China is to get 150% tax to the Afghan government. 
Afghanistan will also get 70% interest from the oil extraction. 
It is worth mentioning that it is the first agreement for extraction of oil in the country while the first fuel process is also included. 
Based on studies done by international organization, there are six big areas of gas and oil in various parts of the country as Amu River, Afghan Tajik, Kushaka, Herat, Katawaz and Helmand.

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