Staff Correspondent
The cabinet committee on purchase on Monday approved a proposal for import of 13 lakh tonnes of crude oil from Saudi Arabia and United Arab Emirates for the current year.
The committee, headed by finance minister, Abul Mal Abdul Muhith, at a meeting at the cabinet division gave the approval.
The energy division placed the proposal before the purchase committee for import of six lakh tonnes of Arabian light crude oil from the state-run Saudi Arabian Oil Company and seven lakh tonnes of marban crude oil from the Abu Dhabi National Oil Company of UAE.
The energy division estimated the import cost of the crude oil at around Tk 4,500 crore.
The Bangladesh Petroleum Corporation refines the imported crude oil at its Eastern Refinery Limited to produce fuel oils —- diesel and petrol.
The BPC had signed state-to-state agreements with the Abu Dhabi National Oil Company in 1979 and the Saudi Saudi Arabian Oil Company in 1983 for import of crude oil.
It imports around 13-14 lakh tonnes of crude oil and procures around 24 lakh tonnes of refined fuel oils annually.
The cabinet committee meeting also gave approval to a proposal for import of 1.5 lakh tonnes of urea fertiliser.
The industries ministry placed the proposal before the purchase committee for import of 75,000 tonnes of granular urea fertiliser and 75,000 tonnes of prilled urea at the price between $298 and $307 per tonne.
Courtesy: newagebd.com
