Govt to procure 1.3m tonnes of crude oil this calender year

The government has decided to import 1.3 million tonnes of crude oil at a cost of Tk4,399 crore in this calender year.

Imported crude oil from the international market will be refined by the state-owned Eastern Refinery Limited.

The cabinet committee on public purchase yesterday gave its consent to the energy division proposal of importing 1.3 million tonnes of crude oil from Abu Dhubai National Oil Company and Saudi Arabia Oil Company limited.

Finance Minister AMA Muhith presided over the meeting.

After the meeting, Additional Secretary Mustafizur Rahman said the government would import six lakh tonnes of crude oil from Abu Dhubi National Oil Company at a cost of Tk2,133.65 crore.

He also said the rest of the crude oil will be imported from Saudi Arabia Oil Company Limited at a cost of Tk2,265.06 crore.

The additional secretary said the Indian consultant company Engineer's India Limited would be appointed for installation of the Unit -2 Eastern Refinery Limited at a cost of Tk110.61 crore.

The cabinet additional secretary said the supervision work of the project the Padma Bridge Rail Connection would be given to the engineering core of Bangladesh Armed forces as the consultant of the project.