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Faryab gas extraction agreement signed

news agency َAfghan News , 12 Oct 2024 - 17:49

The Ministry of Mines and Petroleum of Afghanistan has signed a 10-year agreement to explore and extract the Totei gas in Faryab province, the Ministry of Mines and Petroleum said in a statement.


According To Amac News: The agreement worth about $1 billion was signed between the ministry and the Uzbek company, the Ministry of Mines said in a statement.
According to the agreement, the contractor will invest $100 million in the first year and $1 billion over 10 years and generate 100 MW of electricity from the extracted gas in the first two years.
The Totei Maidan gas reserves in Faryab province cover an area of ​​about 7,000 square kilometers.


Story Code: 1778

News Link :
https://www.amacnews.com/en/news/1778/faryab-gas-extraction-agreement-signed

AMAC
  https://www.amacnews.com