Dhaka to import 1.4m tonnes of crude oil from S Arabia, Abu Dhabi

Cabinet body gives nod

FE Team | Published: December 27, 2017 22:38:32

Bangladesh will import 1.4 million tonnes of crude oil from Saudi Arabia and Abu Dhabi for the current fiscal year 2017-18 to meet the domestic requirement, reports UNB.
Cabinet Committee on Public Purchase on Wednesday approved two separate proposals placed by the Energy and Mineral Resources Division in this regard.
Cabinet Division additional secretary Mustafizur Rahman said that the bulk petroleum will be imported under the government-to-government contracts and about Tk 49.01 billion would be spent for the imports.
The committee, with Finance Minister AMA Muhith in the chair, also approved a number of procurement proposals placed by different ministries.
A proposal of the Home Ministry to purchase two tag boats for the Coast Guard received the nod of the committee.
Bangladesh Navy-operated Khulna Shipyard will build and supply the two tag boats at a cost of Tk 51.41 billion.
The committee gave nod to a proposal of Bangladesh Chemical Industries Corporation (BCIC) to import 100,000 metric tonnes of granular bagged urea fertiliser on an emergency basis.
Of these, South Korean Posco Daewoo will supply 25,000 tonnes through Chittagong port and 25,000 tonnes through Mongla port while Potton Traders of Dhaka will supply the remaining 50,000 tonnes through Chittagong port.
Import of each metric ton of fertiliser through Chittagong port will cost $310 while the import of each metric ton of fertiliser through Mongla port will cost $319.50. The total import of 100,000 tonnes of fertiliser will cost Tk 2.59 billion (259.13 crore).
The committee approved two proposals of Energy and Mineral Resources Division to procure some equipment and drilling works for Kashba-1 and Begumganj-3 gas wells under the Speedy Enhancement of Power and Energy Supply (Special) Act.
The committee also approved a cost extension proposal for rehabilitation work of Kalukhali-Vatiapara section of rail lines and new construction work of Kashiani-Gopalganj-Tungipara rail tracks.