External Affairs Minister Sushma Swaraj with Bangladesh Prime Minister Sheikh Hasina at a meeting in Dhaka on Sunday. Photo: PTIDhaka: Bangladesh on Sunday signed a long-term sales and purchase agreement with an Indian refiner to import gas oil to meet the country’s energy demand, officials said. Under the deal, BPC will take up to 250,000 tonnes of gas oil each year from NRL for the first three years of the deal to the BPC’s northern fuel depot via a 131-km (79 mile) pipeline, which will be built by India. Bangladesh typically ships in around 3.2 million tonnes of diesel and 2.5 million tonnes of fuel oil annually. Sellers include Kuwait Petroleum Corp., Malaysia’s Petroliam Nasional Berhad, Emirates National Oil Company, Philippines National Oil Co., Vietnam’s Petrolimex, Thailand’s PTT, Indonesia’s Bumi Siak Pusako and Zhenhua Oil.

Source: Mint October 22, 2017 16:41 UTC