Govt to procure one LNG cargo, 11m litres of rice bran oil

The government Tuesday approved separate proposals for procuring one cargo of LNG and 11million (1.10 crore) litres of refined rice bran oil to meet the growing demand in the country.

The approval came from the 19th meeting of the Advisers Council Committee on Government Purchase held at Bangladesh Secretariat with Finance Adviser Dr Salehuddin Ahmed in the chair, reports BSS.

Following a proposal from the Energy and Mineral Resources Division, Petrobangla would procure one cargo of LNG from the spot market from M/S Gunvor Singapore, PTE Ltd, Singapore through international quotation at a cost of around Taka 5.84 billion (584.16 crore).

In response to another proposal from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) would procure 11million (1.10 crore) litres of refined rice bran oil through local Open Tender Method (OTM) from Majumder Products Limited, Dhaka, Tamim Agro Industries Ltd Dhaka, Prodhan Oil Mills Ltd Gaibandha and Green Oil and Poultry Feed Industries, Dhaka at a cost of around Taka 1.77 billion (177.10 crore) with per liter oil costing Taka 161.

The day's purchase committee meeting also approved six separate procurement proposals under the Ministry of Water Resources on the project titled "Climate Smart Agriculture and Water Management (CSAWM) Project (BWDB) part".