Opium Rules: Afghan Oil Will Never Get Out Of The Ground

Tuesday, August 16, 2016
By Paul Martin

by Zainab Calcuttawala via OilPrice.com,
ZeroHedge.com
Aug 16, 2016

Afghanistan may have mouth-watering oil riches, but opium still rules this economy amid a lack of any real investment in getting oil and gas out of the ground.

In 2011, the United States Geological Survey released a report on Afghanistan arguing that the responsible exploitation of the country’s natural resources, including oil and natural gas, could help alleviate its economic addiction to opium sales.

At that time, opium production represented just under 50 percent of Afghanistan’s Gross Domestic Product. Since then, the nation has set new opium cultivation records.

With an estimated 59 trillion cubic feet of natural gas resources hidden in its ground, Afghanistan does not seem to get the financial attention it deserves as a potential game-changer in the Central Asian natural gas market.

The Rest…HERE

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