Bangladesh has decided to import 150,000 tons of refined oil from the Maldives by December to meet the demand in local market, Bangladesh's energy secretary Mohammad Mohsin told reporters on Monday.
He said the state owned Bangladesh Petroleum Corporation (BPC) will purchase the fuel from the Maldives National Oil Company Ltd (MNOC) between October to December this year at a cost of 183.44 million U.S. dollars.
Out of the quantity, the MNOC will supply 90,000 tons of diesel,30,000 tons of octane and 30,000 tons of Jet A-1 fuel (or Aviation Turbine Fuel) to Bangladesh.
Bangladesh, a net oil importing country, has a demand for nearly 3.8 million tons of petroleum per year, including 2.8 million tons diesel.
Out of the demand, some 1.2 to 1.45 million tons are imported in crude form while the rest in refined from.
Bangladesh's main oil supplier is the Kuwait Petroleum Corporation (KPC), a state-owned company of the Kuwait government. Some other Gulf countries, including Saudi Arabia and the United Arab Emirates, also export oil to Bangladesh.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article