Oil & Gas

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Azizi Group

INSIDE OIL & GAS

War-torn Afghanistan has recently issued oil and gas tender after a long period of being blighted by war. Afghanistan is no ordinary terrain – even by the frontier standards of the global energy and mining industries with resource wealth estimated at $1 trillion (£620bn), the conflict-ravaged country has made the exploitation of its vast oil, gas and mineral reserves a centrepiece of its economic growth.

Consequently, the country issued a tender for exploration and production across a 7,131 sq km block of the Amu-Darya basin and presented an invitation to the international expertise to its fledgeling oil and gas industry.
The region is one of four areas in the north of the country that the US Geological Survey and its Afghan counterpart jointly assessed to have between them 1.6 billion barrels of crude oil, 16 trillion cubic feet of natural gas and 500m barrels of natural gas liquids. Most of the unexploited natural gas is located in the Amu Darya basin, while the crude is largely found in an area known as Afghan-Tajik.

USGS studied two dozen reserve formations in Afghanistan and found “giant” deposits of copper and cobalt near Kabul, gold in the south of the country and rare-earth elements in parts of Helmand province. Last year, the Afghan Ministry of Mines launched a seismic survey in Herat and Badghis provinces.

Working alongside Canadian energy company Terraseis Trading Ltd. and the U.S. Defense Department, the ministry said it was examining the reserve potential in the region’s Kushka basin, near the border with gas-rich Turkmenistan. In the Jawzan province in northern Afghanistan, the government solicited bids for drilling 4 natural gas wells in the Juma and Bashikurd fields, first discovered in the 1980s.

AZIZI Holdings through its energy portfolio – AZIZI Hotak and Oil and Gas is aiming to leverage its local knowledge and expertise gained through years of its operations in the sector and work jointly with internationally known names.

It recognizes that commercial exploitation is fraught with problems on account of local vagaries and socio-political environment. Its deep connection with the land offered through its well-acclaimed work with the local communities ensures that it is in a position to offer itself as a sound local partner.

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