Govt approves 2.60 lakh tonnes fuel oil import to ensure energy security
The approvals came from the 7th meeting of the Cabinet Committee on Economic Affairs (CCEA) held at Bangladesh Secretariat with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.
The government today (31 March) approved the import of 2.60 lakh tonnes of diesel and crude oil to meet the country's energy requirements and address potential shortages.
The approvals came from the 7th meeting of the Cabinet Committee on Economic Affairs (CCEA) held at Bangladesh Secretariat with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.
According to the meeting minutes, the committee approved the proposal to import 1 lakh tonnes of EN590-10 PPM Sulfur Diesel from Exxon Mobil Kazakhstan through a direct purchase method.
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Furthermore, the CCEA also approved importing 60,000 tonnes of Gas Oil 0.5% 'S' (Diesel) from PT Bumi Siak Pusako Zapin (BSP Zapin), Indonesia, under a Government-to-Government (G-to-G) agreement.
In response to the current geopolitical instability stemming from the conflict between Iran and the United States-Israel, the committee also approved the urgent import of 1 lakh tonnes of crude oil from Abeer Trade & Global Markets through a direct purchase method to fulfil domestic fuel demands.
