18,000 tonnes of Qashqari crude oil sold for $10.5m

KABUL (Pajhwok): The Ministry of Mines and Petroleum (MoMP) says 18,000 tonnes of crude oil extracted from the Qashqari block in the Amu Darya basin has been sold for $10.5 million through an open bidding.

In a statement, the MoMP wrote that the crude oil was sold yesterday to an oil refining company via public auction.

Quoting Engineer Mohammad Hamed Haidari, head of Monitoring for Oil and Gas Contracts Implementation, the statement added: “We are pleased to once again witness the transparent and open auction of 18,000 tonnes of Qashqari crude oil, valued at around $10.5 million, to national investors.”

According to the ministry, among the bidders, the Kamran Mishal Refinery won the tender by offering the highest price — Brent global market rate plus 17.1 — for the 18,000 tonnes of Qashqari crude oil from the Amu Darya basin.

hz/ma