Taliban talk oil with UAE

Apr 12, 1999 02:00 AM

The industry minister of the Afghan Taliban government met Emirati Oil Minister Obeid ibn Said al-Nasseri for talks on investment in Afghanistan's oil and gas sectors.
Mawlai Ahmad Jan's talks focused on "co-operation in the field of oil and gas extraction and potential private and public UAE investment in this sector."
"We informed the minister of the projects that could be the object of co-operation between the two countries and he promised to examine the question," the Taliban spokesman said.
The United Arab Emirates, Pakistan and Saudi Arabia are the only three states to have recognised the Taliban militia as the legitimate government of Afghanistan.
A planned $ 2 bn gas pipeline plan from Turkmenistan to Pakistan via Afghanistan was recently scrapped on fears of political unrest and low oil prices.
In February last year, the Taliban announced plans to revive the Afghan National Oil Company, originally abolished during the Soviet invasion in 1979. The company will play the main role in new exploration in the country.

All oil exploration and development work in Afghanistan was halted after the invasion. The country's provinces currently receive refined products from neighbouring countries.
Soviet estimates in the 1970s placed the country's proven oil reserves at about 95 mm barrels, and proven gas reserves at 145 bn cm.

Source: AFP via Iinoil
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