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Afghanistan discovers new oil deposit
Written by Web Master Monday, 16 August 2010 16:16
AFP -KABUL – Afghanistan's mining ministry announced Sunday that a new oil deposit with an estimated 1.8 billion barrels of crude had been discovered in the relatively peaceful north of the war-torn country.
"It's a totally new oil deposit, which extends in a triangle between Balkh, Hairatan and Shuburghan", ministry spokesman Jawad Omar told AFP.
"The reserves of the new deposit are estimated at 1.8 billion barrels of crude," he added.
Geologists are not expected to complete further assessments on the ground until January and then the deposit will be opened to tender, Omar said.
It is the sixth oil deposit discovery in Afghanistan. The largest are found in the Amu Daria river basin marking the border between Afghanistan, Uzbekistan and Tadjikistan.
There are others in Herat, in the west, Helmand in the south and Paktia in the southeast.
In late June, Afghanistan's mines minister Wahidullah Shahrani said he had been in talks with oil giants Total and ENI as well as Canadian firm Heritage Oil about exploration deals in Afghanistan.
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