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Afghanistan discoveres oil deposit of 1.8 billion bbl reserves  

Afghanistan claims new oil find

Friday, August 20, 2010

Afghanistan has discovered an oil deposit, estimating reserves of 1.8 billion bbl. The deposit extends in a triangle between Balkh, Hairatan and Shuburghan. According to Oil Minister Wahidullah Shahrani, they will tender the Kashkari oil block in the northwest either in July or August and a large oil block in the Afghan Tajik Basin next year. Afghanistan currently has no official oil production at all, investment discouraged due to security concerns. However, according to Shahrani, safety is much better in the mountainous north where bulk of known oil and gas reserves are located.

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