Afghanistan signs deal to import 350,000 tons of oil from Iran

Afghanistan’s finance ministry announced Saturday that a contract was signed for the purchase of 350,000 tons of oil from neighboring Iran.

The agreement was signed with an Iranian firm during an Afghan delegation’s visit to the neighboring country.

The delegation included representatives of Afghanistan Oil and Gas Corporation, ministries of finance and foreign affairs, Da Afghanistan Bank and National Standards Authority.

The two sides held talks on quality, prices, transit and creating facilities for traders, and agreed to establish joint committee on expanding gas pipeline and establishing joint refineries.

Afghanistan’s finance ministry said that importing of the contracted oil will begin in the next few days and it will significantly reduce prices at home.