By Claude Salhani:
For the terrorist group known as the Islamic State, Syria and Iraq were a good place to start their campaign, but in order to survive and prosper it knew from the outset that it had no choice but to set its sights on the ultimate prize: the oil fields of Saudi Arabia.
It is in that direction that the battle for control of the world's largest oil fields is currently heading.
Islamic State -- which has its origins in al-Qaeda – knows fully well that in order to sustain itself as a viable and lasting re [ ... ]
PDB signs deal with Indian company on Sikalbaha plant
State-owned Bangladesh Power Development Board (PDB) on Sunday signed a contract with an Indian company, Larsen & Toubro Limited (L&T), for the construction of the 225 MW combined cycle (dual fuel) power plant at Shikalbaha in Chittagong.
Larsen & Toubro will install the plant as EPC contractor at a cost of Tk 17.07 billion (equivalent to US$ 202.22 million). As p [...]
Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has started to extract gas at Shahbazpur Gas Field 3 in Bhola on an experimental basis.
The extraction of gas started at the field on Sunday morning.
Bapex Planning Director Abdul Halim said: “Bapex has completed the drilling works with its own initiative and technology. The extraction work started [...]
The government does not plan to raise prices of fuel oil anytime soon, Finance Minister AMA Muhith has said
He said the Cabinet Committee on Government Purchase did not discuss fuel price in its Thursday’s meeting.
“It really depends on the international market,” Muhith said.
He said the committee would not take any steps to raise or decrease fuel oil pri [...]
Govt. taking strategic plan for tapping sea resources: PM
Sept 03, 2014: Prime Minister Sheikh Hasina today assured the Jatiya Sangsad of taking all initiatives for protecting and optimum use of the sea resources for country\'s economic progress.
The Prime Minister said this in reply to a question from treasury bench member Fazilatun Nesa Bappi in the House today.
Sheikh Hasina said the historic victories on maritime boundary were [...]
Renewable energy now makes up 22% of the worlds power
Wind, solar and other renewable power capacity grew at its strongest ever pace last year and now produces 22% of the world\'s electricity, the International Energy Agency said on Thursday in a new report.
More than $250bn (£150bn) was invested in "green" generating systems in 2013, although the speed of growth is expected to slacken, partly because politician [...]
India Supreme Court declares coal licences illegal
India\'s Supreme Court has ruled that all coal mining licences awarded between 1993 and 2010 are illegal.
Successive governments gave rights to mine coal to state and private companies in a manner which was "not fair and transparent" and without competitive bidding, the court said.
The court will now examine whether 218 such licences should be cancelled.
Villager s spawned electricity could contribute to national grids in BD
Bangladesh has sustained an impressive track record for growth and development and has shown tremendous growth in recent years. In the past decade, the economy has grown at nearly 6 percent per annum despite frequent natural disasters and the fuel, food price and global financial crises. A booming economic growth, urbanization and rapid industrialization and devel [...]
PM for keeping operative all rivers through dredging
DHAKA, Sept 03, 2014: Prime Minister Sheikh Hasina today put emphasis on keeping operative all the rivers of the country, especially six rivers around Dhaka city, by restoring their navigability through dredging.
"It would help develop the country\'s communication system and transportation of goods smoothly. Besides, tourist spots would be built on the banks of [...]