Islamic Development Bank agrees to lend $1.0b
An Islamic Development Bank (IsDB) mission has assured Bangladesh of providing US$1.0 billion in loan for setting up a 3.0-million-tonne-capacity oil refinery, officials say and hope it would cut import dependence for petroleum fuels. The IsDB technical team extensively reviewed the ERL capacity during its 4-day mission on March 8-11...
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PM pledges 'peaceful Bangladesh' for people of all faiths
Prime Minister Tarique Rahman has underscored his commitment to building a "peaceful Bangladesh" with people of all religions, urging citizens not to let anyone sow divisions among them, reports bdnews24.com."Today, people of all faiths are sitting together, in the same row. This is part of Bangladesh's age-old tradition. No one...
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Dhaka joins Tokyo Indo-Pacific forum
Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood is attending the Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo, where regional leaders are discussing ways to strengthen energy cooperation and supply security.The two-day gathering, being held on Saturday and today (Sunday) in Tokyo, brings together energy ministers, policymakers...
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Nat’l grid receiving 8.0mmcfd gas from Srikail fifth well
FE REPORTBangladesh's national gas grid Saturday started receiving around 8.0 million cubic feet per day (mmcfd) of natural gas from onshore Srikail-5 hydrocarbon well that boosts domestic fuel supply at crisis time. State-run Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) drilled the well during last September- to - January...
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Fuel pumps dry up amid panic buying
A number of fuel pumps in the capital suspended operations on Saturday as they ran out of petrol and octane amid a surge in panic buying. Visits by The Financial Express found fuel pump entrances blocked with ropes and signs stating, "No petrol or octane." Many motorists waited at the...
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