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Afghan Firm Selected in Second Afghan-Tajik Oil and Gas Tender

22 April 2014 Ministry of Mines and Petroleum of Islamic Reoublic of Afghanistan

Company selected represents strong interest in Afghanistan’s oil and gas sectors.

Kabul, Afghanistan – The Ministry of Mines & Petroleum (MoMP) announced that Bakhtar Oil & Gas Company, LLC has been selected as the Preferred Bidder for two oil and gas exploration blocks in the Afghan-Tajik Basin.

 

“This announcement reflects the tremendous interest in Afghanistan’s oil and gas sector by domestic and international investors,” commented His Excellency Mohammad Akbar Barekzai, Minister of Mines & Petroleum. “Bakhtar Oil & Gas Company will play a significant part in our nation’s return to economic stability and growth,” he continued.

The two exploration blocks for which Bakhtar Oil & Gas Company have been selected as the preferred bidder are the Ahmadabad-Balkh Block and the Mohammad Jan Dagar Block, totaling 7,319 square kilometers.

The Afghan-Tajik Basin is located in the northern section of Afghanistan near the Turkmenistan border and near the city of Mazar-e-Sharif. Over the past few decades, in northern Afghanistan, there has been very little exploration. However, recent gravity and magnetic data from German, Russian, and United States surveys have located more than sixty potential structures wholly or partially contained in the multiple blocks of the Afghan-Tajik Basin.

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