Bangladesh offered finished oil from Russia - News Summed Up

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Bangladesh offered finished oil from Russia


A Russian state-owned company, Rosneft Oil Company Russia, offered to sell finished oil to Bangladesh last week. Bangladesh does not have the capacity to refine Moscow's crude oil. China and India are procuring Russian crude oil at 35% lower than regular prices as of now. The price of refined oil is determined by S&P Platts' rate, which is equal to the crude oil price rate plus a $20-$24 premium per barrel. The BPC is now looking over the proposal as Russia has given set conditions that come along with this.


Source: Dhaka Tribune August 18, 2022 00:06 UTC



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