Joint Venture (JV) Partners

Afghanistan is blessed with abundant hydrocarbons resources which has an absolute great potential to contribute remarkably to the economic development and growth of the country. However, these endowments have largely remained untapped and are yet to be exploited to the required extent.

Recently, the Ministry of Mines and Petroleum of the Islamic Emirate of Afghanistan signed a contract with Afg-Chin Oil and Gas Limited to extract hydrocarbons from Amo Darya Basin.

Afg-Chin Oil and Gas Limited has been established as a result of the Joint Venture (JV) agreement between Xinjiang Central Asia Petroleum Engineering Management Co., Ltd. (CAPEC), a company incorporated in the People’s Republic of China, and Afghanistan Oil and Gas Corporation (AOGC), a company incorporated under the Corporations and Limited Liabilities Law of the Government of Afghanistan.

CAPEC and AOGC entered into this joint venture agreement on 5th January, 2023 to govern the basis on which they would jointly carry on the Amo Darya (river) basin hydrocarbons exploration and production activities. The share ownership of Afg-Chin Oil and Gas Limited is as follow: