Tooti Maidan Gas Extraction Project Launched In Jawzjan

KABUL (Pajhwok): Assessment and extraction operations have officially commenced at the Tooti Maidan gas fields in northern Jawzjan province, the Office of the Deputy Prime Minister for Economic Affairs announced on Monday.

The development follows the signing of a contract in October last year between the Ministry of Mines and Petroleum (MoMP) and an Uzbek company.

Under the agreement, the company is expected to invest $100 million in the first year and up to $1 billion over a ten-year period.

The Tooti Maidan gas fields are located in Jawzjan, with part of the reserves extending into neighboring Faryab province.

The inauguration ceremony was held on Sunday and attended by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar and other senior officials of the Islamic Emirate of Afghanistan (IEA).

Speaking at the event, Baradar described the launch of practical operations as a major step forward in Afghanistan's investment sector.

He said such large-scale projects convey a strong message to the international community and investors that Afghanistan is safe and offers favorable conditions for investment.

He emphasized that, under the IEA's economic policies, all potential investors - both domestic and foreign - are welcomed and supported through the provision of necessary facilities.

Baradar noted that the project would create significant employment opportunities, help meet domestic demand for gas, reduce reliance on imported gas and electricity, and eventually pave the way for gas exports.

He added that this would contribute to narrowing the trade deficit and play a vital role in driving Afghanistan's overall economic growth.

Reiterating his call to investors, Baradar invited Afghan and foreign businessmen to take advantage of the country's natural resources and strategic opportunities.

He also urged the contracted company to ensure full compliance with technical standards and regulations during the implementation of the project.

kk/sa

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