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Petrobangla, Bapex sign MoUs with Gazprom to work in energy sector

  • Published at 11:37 pm January 28th, 2020
Petrobangla, Bapex sign MoUs with Gazprom to work in energy sector
File Photo: MoU signing ceremony between State-owned Petrobangla, Bapex and Russian state-owned oil major Gazprom on Tuesday, January 28, 2020 UNB

'The MoU between Gazprom and Petrobangla is a strategic partnership under which both the companies may go for deep sea exploration, even there might be onshore exploration in the remote areas in Chittagong region'

State-owned Petrobangla and Bapex on Tuesday signed two memoranda of understanding (MoUs) with Russian state-owned oil major Gazprom to work together for the development of Bangladesh’s energy sector.

Petrobangla is the principal organization in the country’s hydrocarbon sector while Bapex (Bangladesh Petroleum Exploration and Production Company Limited) is a subsidiary of Petrobangla dedicatedly working for the exploration of hydrocarbon, reports UNB.  

Under the MoU with Bapex, Gazprom will jointly carry out gas field development activities like conducting 2D and 3D seismic surveys in Southern district of Bhola while the same Russian company will build a strategic partnership to implement different projects jointly under the deal with Petrobangla.  

Addressing the signing ceremony at Petrobangla office, Prime Minister’s Energy Adviser Dr Tawfiq-e-Elahi Chowdhury said Gazprom’s MoU with Bapex will play a vital role in gas sector’s development of the Bhola Island.

“The MoU between Gazprom and Petrobangla is a strategic partnership under which both the companies may go for deep sea exploration, even there might be onshore exploration in the remote areas in Chittagong region,” he told reporters.

“They are interested to work with us in any kind of development activities,” he added.