The Islamic Emirate has signed a contract for the exploration and extraction of natural gas in the Totimaidan gas field in northern Afghanistan with a company from Uzbekistan, the ministry of mines and petroleum confirmed.The ten-year contract includes an investment of about $1 billion and was signed on Thursday by Afghanistan’s deputy prime minister for economic affairs Mullah Abdul Ghani Baradar Akhund and a representative of the Uzbek company.According to the agreement, the company will invest $100 million in the first year and the balance of $900 million over the following nine years.In the first two years, extracted gas will be used to generate 100 megawatts of gas-powered electricity.The gas reserves of the Totimaidan gas field in Jawzjan province cover an area of approximately 7,000 square kilometers.Once extraction begins, it will significantly boost the country’s gas needs and create both direct and indirect employment opportunities for thousands of citizens.The post $1 billion contract for exploration and extraction of Jawzjan gas signed with Uzbek company first appeared on Ariana News.
Music
Trailers
DailyVideos
India
Pakistan
Afghanistan
Bangladesh
Srilanka
Nepal
Thailand
StockMarket
Business
Technology
Startup
Trending Videos
Coupons
Football
Search
Download App in Playstore
Download App
Best Collections