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.
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.
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.