Kutubdia deep-sea pipeline survey starts early March
The consulting firm appointed for installation of 77-kilometre deep-sea pipeline and a single point mooring (SPM) at south-west of Kutubdia island, a project of the Eastern Refinery Ltd (ERL), will begin survey from the first week of March. Talking to the Independent, Md Reazaul Alam, ERL managing director, said the survey is expected to be [...]
Boro cultivation in the northern region of the country may be hindered due to shot supply of diesel in the fuel oil depots in Shahzadpur upazila of Sirajganj district. The barges and water vessels carrying diesel cannot reach different oil depots in the district in scheduled time [...]
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The government on Sunday approved hard-term borrowing of around $2 billion to ensure uninterrupted import of fuel oils, consumption of which has soared substantially by the oil-guzzling quick rental power plants, said officials concerned. A meeting of the hard-term loan committee headed by finance minister AMA Muhith was held at the finance ministry in the [...]
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Bangladesh Petroleum Corporation (BPC) is looking for Bangladesh Bank’s guarantee against its proposed bid to receive a US$ 200 million syndicated loan from three international banks to import petroleum. The banks, operating globally, are Standard Chartered Bank, Citi Bank NA, and the HSBC. “We’ve sent a request to Bangladesh Bank about two weeks ago urging [...]
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Shamim Jahangir Bangladesh Petroleum Corporation (BPC) will take a syndicated loan of $200 million from three multinational banks to import petroleum products in the next calendar year, a senior official said. The BPC board approved a proposal in this regard yesterday, BPC Chairman Md Abu Bakar Siddique told daily sun. Standard Chartered Bank, Citi Bank [...]
Continue reading …Govt may face further fund crunch to import petroleum. Premium rises to import all fuel products in 2012
December 11, 2011 No Comment
Shamim Jahangir The government may suffer further financial shortage on import of over 6.5 million tons of petroleum products for local consumption in 2012 as the oil suppliers charged additional premium next year, officials said. A high-powered team of the Bangladesh Petroleum Corporation (BPC) last week settled premium on diesel, octane, jet fuel at a [...]
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DHAKA Nov 25 (Reuters) – Bangladesh Petroleum Corporation begins talks next week on term contracts to import oil products to meet growing domestic demand in 2012, a senior company official said on Friday. A team headed by BPC Chairman Mohammad Abu Bakar Siddique is heading to Kuwait and Singapore to hold talks with Kuwait Petroleum [...]
Continue reading …Siddique Islam The country’s overall trade deficit widened by over 23 per cent to US$ 1.81 billion in the first quarter (Q1) of the current fiscal year (FY) following higher import of fuel oils, officials said Sunday. “Higher import of petroleum products is mainly responsible for widening of the trade deficit during the period under [...]
Continue reading …The head of state-run Saudi Aramco denied it was considering construction of an oil refinery in Bangladesh after a senior Dhaka energy official said on Monday the proposal had been raised last week, reports Reuters. “This is not true. There is no discussion at all about refineries inBangladesh,” Khalid al-Falih, Aramco’s chief executive officer, told [...]
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