Project Profile
Value: US$12 billion
Location: Amu Darya river border, northern Afghanistan
Area: 31,000 square km
Start-up year: December 2012
Peak Production: 45,000 barrels a day
Oil reserves: 87 million barrels of oil
China's National Petroleum Corporation (CNPC) and Watan Group will start extracting oil in the end of 2012. The maximum production at the beginning will be 5,000 barrels a day but this will increase to 45,000 barrels a day. The extraction will start in the Afghan-Tajik Zone, one of the major oil deposits along the Amu Darya river border in relatively peaceful northern Afghanistan. Under a deal signed in December 2011, the oil will be processed in refineries already being built within Afghanistan, while Afghanistan will take 70% of the net profits on top of a 15% corporation tax. The Afghan-Tajik deposit is estimated to contain about 87 million barrels of oil.
Operators:
CNPC
Watan Group