Business Desk :
The government plans to import 4.98 million metric tonnes (MT) of petroleum fuel in the 2021 calendar year.
According to an official document of the Energy and Mineral Resources Ministry Division, out of the proposed bulk import, some 50 per cent or 2.49 MT will be bought from eight countries on government to government (G-to-G) basis through negotiation while the remaining 50 per cent will be procured from the international market through open bidding process.
Officials said the Cabinet Committee on Public Purchase in a September 16 meeting approved the Energy and Mineral Resources Division proposal.
As per the plan, Bangladesh Petroleum Corporation (BPC) -the state petroleum marketing agency, will import 50 per cent of different petroleum products in two phases-first for January – June period and second for July – December period.
BPC chairman Shamsur Rahman informed that his organisation has a projection of demand for about 6.1 million MT of different petroleum products for the year 2021. “Of this, BPC will get about 1.15 million MT of petroleum from local sources including the state-owned Eastern Refinery”, he told UNB.
Officials said the BPC has kept unchanged eight state-owned outsourcing companies of different countries to import different petroleum products- diesel, jet A-1, octane, furnace oil and marine fuel-as continuation of the Bangladesh government’s bilateral G-2-G contract.
The state-owned companies of different countries are -KPC of Kuwait, PTLCL of Malaysia, ENOC of United Arab Emirates, Petrochina and UNIPEC of China, Bumi Siak of Indonesia, PTTT of Thailand and NRL of India.
The official documents showed BPC will import the highest 1.23 million MT of petroleum from KPC of Kuwait, followed by China as the second largest supplier as 140,000 MT will be imported from Petrochina and 240,000 MT petroleum from UNIPEC of China.
Some 260,000 MT petroleum fuel will be imported from PTLCL of Malaysia, 160,000 MT petroleum from ECOC of UAE, 300,000 from Bumi Siak of Indonesia, 100,000 MT from PTTT of Thailand and 60,000 MT petroleum from India will be imported in 2021.
The government plans to import 4.98 million metric tonnes (MT) of petroleum fuel in the 2021 calendar year.
According to an official document of the Energy and Mineral Resources Ministry Division, out of the proposed bulk import, some 50 per cent or 2.49 MT will be bought from eight countries on government to government (G-to-G) basis through negotiation while the remaining 50 per cent will be procured from the international market through open bidding process.
Officials said the Cabinet Committee on Public Purchase in a September 16 meeting approved the Energy and Mineral Resources Division proposal.
As per the plan, Bangladesh Petroleum Corporation (BPC) -the state petroleum marketing agency, will import 50 per cent of different petroleum products in two phases-first for January – June period and second for July – December period.
BPC chairman Shamsur Rahman informed that his organisation has a projection of demand for about 6.1 million MT of different petroleum products for the year 2021. “Of this, BPC will get about 1.15 million MT of petroleum from local sources including the state-owned Eastern Refinery”, he told UNB.
Officials said the BPC has kept unchanged eight state-owned outsourcing companies of different countries to import different petroleum products- diesel, jet A-1, octane, furnace oil and marine fuel-as continuation of the Bangladesh government’s bilateral G-2-G contract.
The state-owned companies of different countries are -KPC of Kuwait, PTLCL of Malaysia, ENOC of United Arab Emirates, Petrochina and UNIPEC of China, Bumi Siak of Indonesia, PTTT of Thailand and NRL of India.
The official documents showed BPC will import the highest 1.23 million MT of petroleum from KPC of Kuwait, followed by China as the second largest supplier as 140,000 MT will be imported from Petrochina and 240,000 MT petroleum from UNIPEC of China.
Some 260,000 MT petroleum fuel will be imported from PTLCL of Malaysia, 160,000 MT petroleum from ECOC of UAE, 300,000 from Bumi Siak of Indonesia, 100,000 MT from PTTT of Thailand and 60,000 MT petroleum from India will be imported in 2021.
