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Dhaka Monday,  Dec 6, 2021

BPC to import 1.6m tonnes of crude oil

BSS:

The country will also import 5.85 million tonnes of refined oil to meet the growing national energy demand

The Cabinet Committee on Economic Affairs on Thursday approved two separate proposals in principle for importing 1.6 million tonnes of crude oil and 5.85 million tonnes of refined oil for this year.

In a bid to meet the growing national demand for energy, committee gave the approval at its 31st meeting this year, held virtually with Finance Minister AHM Mustafa Kamal in the chair.

Briefing reporters after the meeting virtually, Cabinet Division Additional Secretary Md Shamsul Arefin said that Bangladesh Petroleum Corporation (BPC) is going to import 1.6 million tonnes of crude oil for this year from Saudi ARAMCO and ADNOC, Abu Dhabi under the Direct Procurement Method (DPM).

He also informed that BPC will import another 5.85 million tonnes of refined fuel oil this year.

The Cabinet Committee on Government Purchase also approved separate proposals for importing 90,000 tonnes of urea fertilizer and 80,000 tonnes of hi sulphur furnace oil on the same day during its 37th meeting of the year.

Shamsul Arefin said the BPC will import 80,000 tonnes of hi sulphur furnace oil from Unipec Singapore Pte Ltd for the November-December period at about Tk365.13 crore.

The Bangladesh Chemical Industries Corporation (BCIC) is going to procure 30,000 tonnes of bulk granular urea fertilizer from Saudi Basic Industries Corporation (SABIC) for about Tk194.97 crore, and another 30,000 tonnes of bulk granular urea fertilizer from Fertiglobe Distribution Limited for around Tk194.97 crore.

30,000 more tonnes of bagged granular urea fertilizer will be bought from Muntajat, Qatar for about Tk197.79 crore.

Arefin further said the BCIC would import 10,000 tonnes of phosphoric acid from M/S Agro Industrial Input, Dhaka (main supplier: M/S Sun International FZE, UAE) with about Tk61.46 crore.

The Cabinet Division additional secretary also informed that the purchase committee has awarded the contract of package no-WD-1 to Biswas Trading and Construction with about Tk274.05 crore under the project for constructing the Bangladesh Film Development Corporation (BFDC) Complex being implemented by the corporation.

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