Chevron Isn’t Leaving BD, Rather To Invest $400m More EB ReportChevron is not likely to leave Bangladesh, rather they are likely to invest USD 40 crore more in the country for the development of the gas wells. The state minister informed that, Chevron has moved from its position to sell out all of their assets in Bangladesh. “Not only Chevron, more and more foreign companies are showing their interests to invest in the country’s energy and power sector”, he added. After being asked about it, the Communications Manager of Chevron Bangladesh, Shaikh Jahidur Rahman replied that, Chevron regularly engages with national, regional and international stakeholders globally. Chevron is the second-largest oil company in the United States and the world’s fourth-largest publicly traded oil company is also one of the largest foreign investor in Bangladesh’s energy sector.

Source: Energy Bangla October 26, 2017 12:45 UTC