Taliban extracts 1,350 tons of oil daily from Amu Darya basin

The Taliban-run Ministry of Mines reported that daily oil extraction from the Amu Darya basin has risen to 1,350 tons.

According to a statement from the ministry, the oil extracted from this basin is refined domestically by the private sector. Additionally, the Taliban has entered into an oil extraction agreement with a Chinese company.

The ministry announced Wednesday that 24 wells are currently operational in the Amu Darya oil field. It is projected that by the end of 2024, the field will have 47 wells in operation, with oil extraction expected to increase to 3,000 tons.

Currently, the Amu Darya oil field employs approximately 1,500 people both directly and indirectly.

Located in northern Afghanistan, the Amu Darya basin spans the provinces of Sar-e Pul, Jawzjan, and Faryab. Last year, the Taliban finalized a 25-year extraction contract with a Chinese company for this oil field.

Estimates suggest the area holds about 87 million barrels of oil reserves.

Previously, the Taliban disclosed that under the agreement, the Chinese company CPEIC will invest $150 million in the first year and $540 million over the following three years for exploration and extraction across an area of 4,500 square kilometers in Sar-e Pul, Faryab, and Jawzjan provinces.