China And Qatar Seek to Invest in Gas, Oil Sectors: MoMP

The Ministry of Mines and Petroleum said that China and Qatar are interested in investing in the oil and gas sector in the country. 

Homyaoon Afghan, a spokesman for the MoMP, said that representatives of these two countries have met four times with the acting Ministry of Mines and Petroleum regarding oil extraction in the past month.

“We have had four meetings with Qatari and Chines investors, there were also Turks involved in the other side, and they wanted to invest in Afghanistan’s various mines and minerals, especially in the oil and gas sector,” said Homyaoon Afghan.

According to the officials of the Mine and Petroleum Ministry, Qatar has good experience in oil extraction.

“As you know, Qatar has large oil and gas reserves and has good activity and experience in this sector,” said Homyaoon Afghan.

Meanwhile, the Chamber of Commerce and Investment asked the Islamic Emirate to consider national interests when entrusting mines to foreign investors.

“Our request is that in entrusting mines to investors, the national economic interests of Afghanistan’s reserves should be considered and then it should be handed over to a company that has the capacity,” said Mohammad Younus Momand, acting head of the Afghanistan Chamber of Commerce and Investment (ACCI).

So far, Mes Aynak in Logar and the Amu Darya oil region have been handed over to Chinese companies, but MCC China has not yet succeeded in extracting copper from Mes Aynak.