The government has approved separate proposals for purchasing refined fuel oil, crude oil, and a shipment of LNG (liquefied natural gas).

The decision was made during the 16th meeting of this year’s Advisers Council Committee on Government Purchase (ACCGP), held at the Cabinet Division conference room in the Bangladesh Secretariat. The meeting was chaired by Dr. Salehuddin Ahmed, Adviser to the interim government for the Ministry of Finance.

In a press briefing following the meeting, Dr. Ahmed stated that the Energy and Mineral Resources Division would procure a shipment of LNG from the spot market. The supplier, M/S Vitol Asia Pte Ltd of Singapore, was selected through an international bidding process. The total cost of the purchase, including VAT and taxes, is approximately Tk 708.55 crore, with the price per MMBtu of LNG set at $15.02.

Besides, following a proposal of the Energy and Mineral Resources Division, Bangladesh Petroleum Corporation (BPC) would procure 6 lakh Metric Tons (MTs) Murban grade crude oil from Abu Dhabi National Oil Company (ADNOC) for the 2025 calendar year for around Taka 5,208.37 crore.
 
In response to another proposal, BPC would procure 7 lakh MTs Arabian Light Crude (ALC) grade crude oil from Saudi Arabian Oil Company (Saudi Aramco) for the 2025 calendar year at a cost of around Taka 6,025.21 crore.

Besides, in response to another proposal, Energy and Mineral Resources Division would procure refined fuel oil for January to June 2025 through international quotation process with around Taka 10,710.16 crore.

Uniqec Singapore Pte Ltd, Singapore will supply the package of refined oil 'A', while Vital Asia Pte Ltd, Singapore package 'B', 'C', 'E' and OQ Trading Limited, Dubai, UAE Package 'D'. 

BDST: 1838 HRS, DEC 11, 2024
MN/SMS