KABUL (Pajhwok): The Afghanistan Ministry of Mines and Petroleum and China Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) on Thursday signed a contract to extract crude oil from Amu River basin.
The Amu River basin is one of the six major oil fields of the country scattered in northern Faryab, Sar-i-Pul and Jawzjan provinces. Based on studies, the area has about 80 million barrels oil discovered almost 84 years ago by Swedish experts.
According to reports, the contract was previously signed between former Afghan government, China National Petroleum Corporation (CNPC) and Watan Group in the year 2010 . . .
