Work on $1.5 Billion oil refinery in Jawzjan to initiate in May

[Afghan-India]

The design of the oil refinery in Jawzjan province has been finalized and practical work on the mega project is expected to be initiated in May.

Funded by the Chinese National Petroleum Company (CNPC), the USD 1.5bn oil refinery is being built in Jerqadoq area on the outskirts of Shiberghan, capital city of Jawzjan.

Unrefined oil would be brought oil reserves at the Amu River in Faryab and Sar-e-Pul provinces to the refinery in Jawzjan.

CNPC entered into a joint venture with Watan Oil and Gas, an Afghan company, in 2011 to exploit for oil in three exploratory blocks of Amu Darya– Kashkari, Bazarkhami and Zamarudsay, which surround and lie east of the city of Faizabad in northwestern Afghanistan.

The Amu Darya basin contains giant gas-condensate fields across the border in Turkmenistan. Each of CNPC’s blocks contains one or more oil fields discovered in earlier years. The Kashkari block, which covers 425,753 acres, includes Angot, discovered in 1967 and understood to be Afghanistan’s only oil field to have been on sustained production.

CNPC is awarded with a 25-year contract to exploit discovered oil fields and has agreed to pay 15% exploration tax per barrel to the Afghan government, a 20% business tax and a 70% share of total revenue.

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Work on oil refinery in Jawzjan to initiate in May | Wadsam

 

[godofwar]

Keep up the good work, Afghanistan.
Only economic development can banish the monster that is Taliban.

 

[Nishan_101]

The design of the oil refinery in Jawzjan province has been finalized and practical work on the mega project is expected to be initiated in May.

Funded by the Chinese National Petroleum Company (CNPC), the USD 1.5bn oil refinery is being built in Jerqadoq area on the outskirts of Shiberghan, capital city of Jawzjan.

Unrefined oil would be brought oil reserves at the Amu River in Faryab and Sar-e-Pul provinces to the refinery in Jawzjan.

CNPC entered into a joint venture with Watan Oil and Gas, an Afghan company, in 2011 to exploit for oil in three exploratory blocks of Amu Darya– Kashkari, Bazarkhami and Zamarudsay, which surround and lie east of the city of Faizabad in northwestern Afghanistan.

The Amu Darya basin contains giant gas-condensate fields across the border in Turkmenistan. Each of CNPC’s blocks contains one or more oil fields discovered in earlier years. The Kashkari block, which covers 425,753 acres, includes Angot, discovered in 1967 and understood to be Afghanistan’s only oil field to have been on sustained production.

CNPC is awarded with a 25-year contract to exploit discovered oil fields and has agreed to pay 15% exploration tax per barrel to the Afghan government, a 20% business tax and a 70% share of total revenue.

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Work on oil refinery in Jawzjan to initiate in May | Wadsam

I think its one of the best news to be heard. But they should also welcome GCC investment there... for Oil, Gas, Coal and other Mineral exploration and extraction.