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Ministry asks Afghan firms to invest in TAPI project

Ministry asks Afghan firms to invest in TAPI project

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Sep 20, 2015 - 12:28

KABULinfo-icon (Pajhwok): The Ministry of Mines and Petroleum (MoMP) has asked Afghan construction companies to invest in the Turkmenistan-Afghanistaninfo-icon-Pakistaninfo-icon-India (TAPI) gas pipeline project.

Minister of Mines Daud Shah Saba on Saturday met representatives from private construction companies and asked them to cooperate with the TAPI project as well exploit available opportunities for investment in the project.

A statement from the ministry said the firms welcomed government efforts to pave the ground for the Afghan firms’ investment in the TAPI project. The companies promised investment in and cooperation with the project.

MoMP officials say implementation work is scheduled to start in December 2015 after the resolution of some technical problems. In 2010, the presidents of Afghanistan, Pakistan, Turkmenistan and the Indian energy minister inked an accord on execution of the project.

The 1,800-km pipeline aims to export up to 33 billion cubic meters (bcm) of natural gas per year from Turkmenistan to Afghanistan, Pakistan and India.

It seeks energy security through balanced development of regional infrastructure and institutions, stronger integration of markets and economic growth through enhanced energy trading.

mds/mud

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