The Ministry of Mines and Petroleum on Sunday sold 20,000 tons of crude oil for $10.5 million, said acting Minister of Mines and Petroleum Shahabuddin Delawar.
Speaking at a bidding ceremony, he said the oil was extracted from the Angut area of the Amu Darya oil field and was sold to a local company.
Delawar added that bidding for the extraction and exploration of 11 oil and gas blocks across an area of 23,000 square kilometers in Herat province will be held in the near future.
According to him, contracts will also be awarded for oil extraction in Katwaz area of Paktika Province.
Based on the rules of the Ministry of Mines and Petroleum, the winning companies are obliged to process crude oil inside the country, as it would provide job opportunities to locals.
Meanwhile, Delawar said that they are committed to using professional companies in the mining sector.
