Bashundhara to set up oil refinery
Sunday, 5 April 2009
Bashundhara Group, a leading business conglomerate of the country, has undertaken a project to establish a oil refinery in the country, says a press release.
Chairman of the Group Ahmed Akbar said the country would need not to import crude oil after the establishment of the refinery, having a refining capacity of 3.7 million tonnes of crude oil a year.
It will help the country save foreign exchange worth Tk 25 billion annually.
The group also thinking of building a seaport to facilitate smooth export and import related activities. It will start work on the project once the government endorses it, added Akbar.
Bashundhara Group is working on the new ventures to offset the negative image of the group arising out of the recent devastating fire that damaged four floors of Bashundhara City, country's largest shopping mall owned by the group.
Chairman of the Group Ahmed Akbar said the country would need not to import crude oil after the establishment of the refinery, having a refining capacity of 3.7 million tonnes of crude oil a year.
It will help the country save foreign exchange worth Tk 25 billion annually.
The group also thinking of building a seaport to facilitate smooth export and import related activities. It will start work on the project once the government endorses it, added Akbar.
Bashundhara Group is working on the new ventures to offset the negative image of the group arising out of the recent devastating fire that damaged four floors of Bashundhara City, country's largest shopping mall owned by the group.