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Dhaka Monday,  Feb 6, 2023

Total To Expand Business In Bangladesh


The world’s second largest oil exploration and marketing company, Total, has planned to come up in Bangladesh with a big investment particularly in LPG and LNG sectors.

Philipe Sauquet, the executive vice president of Total, informed this in a meeting with Prime Minister Sheikh Hasina here today.

PM’s press secretary Ihsanul Karim was present at that time.

Philipe Sauquet held the meeting with the prime minister at Bilateral Meeting Room of Hotel Intercontinental Paris Le Grand following a breakfast meeting of the premier with the leaders of Movement of the Enterprises of France (MEDEF), the largest employer federation of France.

Briefing reporters after the meeting, Foreign Secretary Md. Shahidul Huq said Total has business both in LNG and LPG sectors in 130 countries including Bangladesh.

Total has launched its operation in Bangladesh in 2002 and they have a bottling plant of 2,500 mt carbon storage. Now they want to double the capacity of plant and the company has already started consultation with Bangladeshi officials in this regard, Sauquet told the prime minister.

The Total EVP sought the premier’s support for further expanding their business in Bangladesh.

As Sauquet informed the prime minister of various challenges in doing business in Bangladesh, the prime minister assured them of looking into the matters, the foreign secretary said.

Later, Martin Van Schaik, senior executive vice president of Thales, a French aerospace company, called on Prime Minister Sheikh Hasina at Bilateral Meeting Room of the Intercontinental Paris Le Grand Hotel.

Martin informed the prime minister of completion of their venture of building Bangabandhu Satellite.

Martin said they have already completed the manufacturing of the satellite and it’s waiting for launching from Cape Canaveral in Florida in March 2018.

He invited the prime minister to join the launching ceremony of the Satellite in Florida, USA.

After settling down on the orbit, Martin said, Bangladesh would receive various information related to different sectors through the satellite from the space.

Sheikh Hasina expressed her plan to share the information of the satellite with the neighbouring countries as well.

The prime minister also gave an interview with France 24, a 24-hour international news and current affairs television network.

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