Saturday, 4 December, 2021

Govt to import 1.6m tonnes crude, 5.8m tonnes refined fuel

  • Staff Correspondent
  • 5 November, 2021 12:00 AM
  • Print news

The government will import some 1.6 million metric tonnes (MT) of crude oil and 5.85 MT of refined oil for the year 2022 to fulfill the country’s demand for primary energy.

The approval came during the meeting of The Cabinet Committee on Economic Affairs (CCEA) held virtually on Thursday with Finance Minister AHM Mustafa Kamal in the chair.

Cabinet Division Additional Secretary Md Shamsul Arefin informed journalists at a press briefing later.

Bangladesh Petroleum Corporation (BPC) will import 1.6 million MT of crude oil from Saudi ARAMCO and ADNOC, Abu Dhabi under the Direct Procurement Method (DPM).

 BPC will also import another 5.85 million MT of refined fuel oil, he also informed.

However, cost of the proposed import was not disclosed as the proposals will again come to get the final approval of the Cabinet Committee on Public Purchase.

In a meeting of Cabinet Committee on Government Purchase (CCGP) held later gave nod to a proposal for procuring 80,000 tonnes furnace oil from Unipec, Singapore at a cost of Tk 3.66 billion.

Under three separate approved proposals, Bangladesh Chemical Industries Corporation (BCIC) will purchase 90,000 MT of fertiliser. BCIC import 30,000 MT of bulk granular urea  fertiliser from Saudi Basic Industries Corporation (SABIC) of Saudi Arabia at a cost of  Tk 1.95 billion while it will import the same quantity of similar fertiliser from Fertiglobe Distribution Limited of UAE at the same price.

However, the BCIC will import another 30,000 MT of bagged granular urea from Muntajat of Qatar at a cost of Tk 1.98 billion.

The committee gave its nod to a proposal of the Bangladesh Films Development Corporation (BFDC) under ministry of information and broadcasting to award a Tk 3.75 billion contract for construction of BFDC complex to Biswas Trading and Constructions.