Business & Economy

Afghanistan Urges Uzbekistan to Invest in Its Oil, Gas and Mines Sector

© Photo : Social MediaFuel oil and VGO from Russian ports to India increased
Fuel oil and VGO from Russian ports to India increased - Sputnik India, 1920, 06.07.2024
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Afghanistan is seeking investments to tap its vast natural resources and to boost its fledgling economy with billions of dollars of sovereign funds remaining frozen in the West.
Afghanistan on Saturday urged the neighboring Uzbekistan to invest in its oil, gas, and mines sector.
The development came after Minister of Industry and Commerce Nooruddin Azizi met the Minister of Mining Industry and Geology of Uzbekistan, Bobir Farkhadovich Islamov, in Tashkent.
In a statement, Afghanistan's Ministry of Industry and Commerce quoted Azizi as telling Uzbekistani officials to invest in the country's oil and gas mines in its northern region as they provided easy access to Central Asian markets.
"Honorable Alhaj Nooruddin Azizi, Acting Minister of Industry and Trade and his accompanying delegation, during their trip to the Republic of Uzbekistan, visited factories producing ceramics and electrical appliances and asked the factory managers to invest in Afghanistan as well," the Ministry added.
Also, Azizi urged Uzbekistan to invest in Afghanistan's copper mines in Ghazni and Herat provinces.
Notably, this isn't the first time the two countries have sought cooperation. Earlier, the two nations agreed to build the Trans-Afghan Railway project alongside Pakistan.
The regional connectivity project will connect Uzbekistan's Tashkent to Pakistan's Peshawar via Afghanistan's capital Kabul.
Taliban spokesman Zabihullah Mujahid speaks during a press conference in Kabul on November 5, 2022. (Photo by AFP) - Sputnik India, 1920, 02.07.2024
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