The Ministry of Mines and Petroleum of the Islamic Emirate has announced that the 25-year contract for the extraction of the Amu Darya oil field with the Chinese company Afchin has been terminated due to repeated violations and violation of the provisions of the agreement by the company.
Publish dateTuesday 17 June 2025 - 09:46
Story Code : 319183
Afghan Voice Agency (AVA) - Kabul: The Ministry of Mines and Petroleum of the Islamic Emirate announced today (Tuesday, 17th of June) by publishing a message on the X social network that the contract for the exploration and extraction of the Amu Darya oil field with the Chinese company Afchin has been canceled.
Homayoun Afghan, spokesman for the ministry, said that the aforementioned contract, which was signed between the two parties in 2023 for a period of 25 years, was terminated due to the "repeated violations of obligations by the contracting company" and the failure to implement the provisions of the agreement.
According to him, a joint delegation of ministries and responsible institutions, which was responsible for reviewing the implementation of the contract, found during its assessments that Afchin Company had repeatedly violated the terms of the contract.
The spokesperson for the Ministry of Mines added that the final decision to terminate the contract was made at the suggestion of the Deputy Minister of Economy and by order of the Prime Minister of the Islamic Emirate.
The Ministry of Mines and Petroleum further announced that it is inviting experienced international consulting companies to submit their official requests to the ministry for the legal evaluation of the contract, technical examination of the area, and handling financial issues and settling accounts with Afchin Company.
It is recalled that the aforementioned contract was signed in early 2023 by the Islamic Emirate with the Chinese company Afchin to extract oil from the Amu Darya field. At that time, Shahabuddin Delawar, the former acting minister of the Ministry of Mines and Petroleum, announced that the company was to carry out mining operations in the Qashqari, Zomordsay, Bazar Qami, Aq Darya and Angut areas in the provinces of Sar-e-Pul, Jawzjan and Faryab.
According to the terms of the contract, the Off-China company had committed to investing $150 million in the first year and increasing its total investment to $540 million over three years.
However, the Ministry of Mines and Petroleum of the Islamic Emirate has not yet provided further details about the nature of the violations committed by the Chinese company.
Homayoun Afghan, spokesman for the ministry, said that the aforementioned contract, which was signed between the two parties in 2023 for a period of 25 years, was terminated due to the "repeated violations of obligations by the contracting company" and the failure to implement the provisions of the agreement.
According to him, a joint delegation of ministries and responsible institutions, which was responsible for reviewing the implementation of the contract, found during its assessments that Afchin Company had repeatedly violated the terms of the contract.
The spokesperson for the Ministry of Mines added that the final decision to terminate the contract was made at the suggestion of the Deputy Minister of Economy and by order of the Prime Minister of the Islamic Emirate.
The Ministry of Mines and Petroleum further announced that it is inviting experienced international consulting companies to submit their official requests to the ministry for the legal evaluation of the contract, technical examination of the area, and handling financial issues and settling accounts with Afchin Company.
It is recalled that the aforementioned contract was signed in early 2023 by the Islamic Emirate with the Chinese company Afchin to extract oil from the Amu Darya field. At that time, Shahabuddin Delawar, the former acting minister of the Ministry of Mines and Petroleum, announced that the company was to carry out mining operations in the Qashqari, Zomordsay, Bazar Qami, Aq Darya and Angut areas in the provinces of Sar-e-Pul, Jawzjan and Faryab.
According to the terms of the contract, the Off-China company had committed to investing $150 million in the first year and increasing its total investment to $540 million over three years.
However, the Ministry of Mines and Petroleum of the Islamic Emirate has not yet provided further details about the nature of the violations committed by the Chinese company.
avapress.net/vdcevo8xxjh8zzi.1kbj.html
Top hits
