Afghanistan Sets Auction to Lure Bidders for Oil Exploration
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Afghanistan will start accepting investor offers next week to explore for at least 600 million barrels of crude oil in the western half of the Afghan-Tajik Basin, the country’s mining minister said.
The auction beginning March 7 will cover six blocks in the basin, located in the country’s north, and will include rights for exploration and production, Minister of Mines Wahidullah Shahrani said yesterday in an interview in Washington.