Afghanistan says finds 1.8 bln barrel oilfield

Afghanistan said on Sunday it had discovered an oilfield with an estimated 1.8 billion barrels in the north of the war-ravaged country, where US and other foreign forces are trying to tame a Taliban-led insurgency.

The discovery of the basin between northern Balkh and Shiberghan provinces was made after a survey conducted by Afghan and international geologists, said Jawad Omar, a spokesman for the ministry of mines.

“I do not know its price in the market. But the initial survey says there are 1.8 billion barrels of oil and I think there will be more than what it is estimated,” he said.

He said the country will offer the reserves for developing along with other minerals in the coming months.