Cabinet Committee recommends import of 695,000 tons fuel oil
The committee also recommended contracts for reopening two BTMC textile mills under the PPP model.
The Cabinet Committee on Economic Affairs has recommended in principle the import of an additional 695,000 tonnes of fuel oil, including gas oil and jet fuel, under the government-to-government (G2G) arrangement for September-December 2026.
The additional quantity is equivalent to 10 percent of the amount already approved for import through the G2G process for the 2026 calendar year.
The Energy and Mineral Resources Division placed the proposal before the committee, which recommended its in-principle approval.
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The committee also recommended final approval of contracts for selecting private partners to reopen two textile mills under the Bangladesh Textile Mills Corporation (BTMC) through the public-private partnership (PPP) model.
The first contract concerns Magura Textile Mill, which is under the control of BTMC under the Ministry of Textiles and Jute.
The second involves Darowani Textile Mill in Nilphamari, also controlled by BTMC.
Both proposals were placed by the Ministry of Textiles and Jute and received the committee's recommendation for final approval of the contracts for selecting private partners.
The decisions were taken at a meeting of the Cabinet Committee on Economic Affairs yesterday (15 September).
