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Afghanistan Discovers New Oil Deposit

Afghanistan's Mining Ministry announced today that a new oil deposit with an estimated 1.8 billion barrels of crude has been discovered in the north of the country.

Ministry spokesman Jawad Omar told the French news agency AFP that the new oil deposit extends in a triangle between Balkh, Hairatan, and Shuburghan.

Geologists are not expected to complete further assessments on the ground until January, and then the deposit will be opened to tender, Omar said.

It is the sixth oil deposit discovery made in Afghanistan.

The largest were found in the Amu Darya river basin marking the border between Afghanistan, Uzbekistan, and Tajikistan.

compiled from agency reports