Turkey, Afghanistan sign MoU on energy, mining coop

Turkish and Afghan officials discussed what kind of contribution Turkey could make regarding vast mineral riches in Afghanistan.

Turkey, Afghanistan sign MoU on energy, mining coop

Turkey and Afghanistan on Thursday signed a memorandum of understanding (MoU) on cooperation in energy and mineral resources, the first MoU on mining Afghanistan signed with another country.

The MoU was signed in Ankara by Turkish Energy and Natural Resources Minister Taner Yildiz and Afghanistan's Minister of Mines Wanidullah Shahrani.

Speaking at the signing ceremony, Taner Yildiz said that the MoU aimed at training of Afghan officials on energy legislation and the two countries would establish a working group on energy to seek cooperation opportunities between the two countries.

Turkish and Afghan officials discussed what kind of contribution Turkey could make regarding vast mineral riches in Afghanistan.

"A structure, which will enable private sector engagement in vast mineral riches of Afghanistan, will be built," Taner Yildiz said.

Afghan Minister Shahrani said that the MoU was the first one on mining Afghanistan signed with another country. He said Afghan government was willing to take advantage of Turkey's experiences in management of resources, adding the the MoU would pave the way for fresh Turkish investments in his country.

Shahrani said the MoU covered both hydrocarbon reserves and mineral reserves.

"There are five major fields of hydrocarbon reserves in Afghanistan. Exploration works have been completed in two of the fields and a total of 5 trillion cubic meters of natural gas reserves and 3.5 billion barrels of crude oil have been discovered," he said.

"We will soon start a bidding process for hydrocarbon fields. I would like to invite Turkish firms to this process," he added.

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Last Mod: 17 Şubat 2011, 18:10
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