INSUBCONTINENT EXCLUSIVE:
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
