Canadian firm finds field of petroleum in Afghanistan

A spokesman for Afghanistan’s Mining Ministry, Jawad Omer, said that the Canadian company Terraseis has located a large oil field in the northwestern part of the country.

“This area is situated between the Khan Charbagh and Aqeena border districts, where technical research has been conducted,” Omer said.

The site is in Faryab Province, near the border with Turkmenistan. Omer said more exploration would be done to get an accurate assessment of the size of the oil field.

The news comes as the China National Petroleum Corporation started commercial production at an oil field in the neighboring Sar-e Pol Province Sunday.

Afghan Mining Minister Wahidullah Shahrani during an interview in which he announced that Exxon Mobil Corp, the world’s biggest non-state oil company, had not yet accepted an offer to look over a new oil concession in the north, possibly indicating a fading appetite to invest in the conflict-wracked country even as government officials finalize new laws designed to attract more foreign mining investment, Kabul, Sept. 29, 2012.

Mining Minister Wahidullah Shahrani called it a “historic” day for his country, “that for the first time the process of commercial production of crude oil has started in Afghanistan.”

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