Afghanistan expands oil production to reduce import dependence
Afghanistan’s domestic oil production is steadily increasing under the Islamic Emirate’s initiatives, marking a significant step toward reducing the country’s heavy dependence on imported fuel.
According to official data, locally produced oil currently accounts for 15.7 percent of Afghanistan’s total oil consumption. However, new extraction programs are expected to boost this share substantially in the coming years.
Shafi Azam, head of economic relations at the Ministry of Foreign Affairs, highlighted the positive momentum. “With the rollout of new oil extraction programs, domestic output is expected to increase further in the near future,” he stated. Azam projected that the share of locally produced oil in the national market could rise to 29.75 percent.
He expressed optimism about accelerating extraction processes, noting that this upward trend would significantly ease Afghanistan’s reliance on imported oil.Afghanistan currently imports approximately three million tons of oil annually from various countries to meet domestic demand. Officials anticipate that this figure will decline as local production expands.
Experts view the development as a crucial opportunity for the Afghan economy. Strengthening domestic production is expected to improve the country’s overall economic situation, advance energy self-sufficiency, and reduce pressure on foreign currency reserves.
Afghanistan is believed to possess substantial oil and gas reserves. Analysts argue that with continued investment and development, the country has the potential not only to achieve full self-sufficiency in fuel but also to become an exporter of oil products in the future.
The Islamic Emirate’s focus on harnessing domestic natural resources reflects a broader strategy aimed at economic stabilization and reducing external dependencies amid ongoing challenges. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Ukraine repatriated the bodies of 252 people whom Russia says were Ukrainian service members, Ukraine's Coordination Headquarters for the Treatment of Prisoners of War (POWs) announced on Thursday.
Sociologist Associate Professor Mehmet Tan has criticized the materialistic foundations of Western societies, arguing that France’s latest wave of protests reflects accumulated social grievances and the consequences of policies that have marginalized disadvantaged communities at home and abroad.
Russian attacks across Ukraine killed at least nine people and injured 56 others over the past 24 hours, as Moscow launched a large-scale combined missile and drone assault targeting Kyiv and several other regions, Ukrainian authorities said on Oct. 22.
French health authorities have confirmed the world's first documented human infection with the Shamonda virus after a severely immunocompromised patient died earlier this month, while stressing that there is currently no identified health risk to the general public. Investigations are continuing to determine whether the virus caused or contributed to the patient's death.