Russian investors invest $500 million on oil extraction plant
MAZAR-E-SHARIF: A group of Russian investors, in coordination with the Afghan Development Group, plans to construct an oil extraction plant worth $500 million in Balkh province, the governor’s press office said in a statement on Monday.
According to the statement, Russian investors Rustam Jabbar, Artur Husainbekov, and Sergey Gavrilov met with Mawlavi Noor-ul-Hadi Abu Edris, the deputy governor of Balkh, to discuss the project.
They stated that the aim of establishing the plant is to create job opportunities and enhance economic activities.
The investors have identified Balkh as the most suitable location for such an investment due to its geographical position.
Meanwhile, Abu Edris assured them of cooperation from government entities in Balkh.
This investment comes as Afghanistan was declared the largest buyer of Russian oil last year.