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Refined fuel oil, crude oil, LNG to be procured

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The government today approved separate proposals for procuring refined fuel oil, crude oil and one cargo LNG.

BSS

Publisted at 6:50 PM, Wed Dec 11th, 2024

The government today approved separate proposals for procuring refined fuel oil, crude oil and one cargo LNG.

The approval was given at the current year's 16th meeting of the Advisers Council Committee on Government Purchase (ACCGP) held at the Cabinet Division conference room at Bangladesh Secretariat with Adviser to the interim government on the Ministry of Finance Dr Salehuddin Ahmed in the chair.

Briefing reporters after the meeting, he said following a proposal, the Energy and Mineral Resources Division would procure one cargo LNG from the spot market from M/S Vitol Asia Pte Ltd, Singapore through international quotation process at a cost of around Taka 708.55 crore (including VAT and Tax) with per MMBtu LNG costing $15.02.

Besides, following a proposal of the Energy and Mineral Resources Division, Bangladesh Petroleum Corporation (BPC) would procure 6 lakh Metric Tons (MTs) Murban grade crude oil from Abu Dhabi National Oil Company (ADNOC) for the 2025 calendar year for around Taka 5,208.37 crore.
 
In response to another proposal, BPC would procure 7 lakh MTs Arabian Light Crude (ALC) grade crude oil from Saudi Arabian Oil Company (Saudi Aramco) for the 2025 calendar year at a cost of around Taka 6,025.21 crore.

Besides, in response to another proposal, Energy and Mineral Resources Division would procure refined fuel oil for January to June 2025 through international quotation process with around Taka 10,710.16 crore.

Uniqec Singapore Pte Ltd, Singapore will supply the package of refined oil 'A', while Vital Asia Pte Ltd, Singapore package 'B', 'C', 'E' and OQ Trading Limited, Dubai, UAE Package 'D'. 

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