Afghan Ministry of Mines and Petroleum (MoMP) officials said on Thursday that a Turkish company wanted to invest $ 250 million in Amo River oil fields or oil reserves in northern Afghanistan.
Officials said, however, that no contract had been signed yet. They also said that other foreign companies are interested in investing.
According to officials, companies from Turkey, Iran and Pakistan are interested in the mining sector.
The ministry said national interests would be upheld in all contracts: “Talks with some Turkish companies are ongoing, the companies want to invest $ 250 million in the Amo River oil fields,” said Mufti Asmatullah Borhan, a spokesman for the MoMP. .
Members of the private sector have said that Afghanistan’s financial problems will be resolved if investments are made in the oil sector. They in turn called on the Islamic Emirate of Afghanistan (IEA) to step up its efforts to secure contracts in this area: “We have a lot of oil in northern Afghanistan, not only the Turks, but the Afghans and the Russians are also interested in investing. in Afghanistan, “said Baz Mohammad, head of the Merchants and Investors Association.
Economic analysts, on the other hand, said that extracting Afghanistan’s minerals and oil reserves could solve the economic crisis.
Petros Kranias
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Source: Capital
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