Afghanistan seeks first bids for oil and gas fields - Reuters India

KABUL (Reuters) - Afghanistan plans to offer production sharing contracts on three blocks that it says contain an estimated 52 billion cubic metres (bcm) of recoverable gas reserves, and 64.4 million barrels of recoverable oil.

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The fields are in relatively secure northern Afghanistan, and most were discovered by Soviet-led exploration teams in the 1970s, but were never put into production, the country's Ministry of Mines said in a statement on its Web site (www.mom.gov.af). The fields are relatively small by global standards, but Afghanistan's economy has been shattered by three decades of war, and even a limited flow of oil and gas would likely go a long way towards meeting the country's current energy needs.

Full Story: Afghanistan seeks first bids for oil and gas fields - Reuters India