spglobalBangladesh permits privately-owned refineries to help ease
Private refineries need to have minimum 1.5 mil mt/year capacity Have to sell at least 60% of products to BPC for first three years Bangladesh will allow the private sector to set up oil
Construction of a new crude-oil refinery still remains a dream as the project is yet to get necessary approval from the top economic policy-making body.State-run Bangladesh
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Will Bangladesh allow the private sector to set up oil refineries? Bangladesh will allow the private sector to set up oil refineries and sell the output both for domestic consumption as well as for
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globalflowcontrolSaudi Aramco to Build Oil Refinery in Bangladesh
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- Will a new oil refinery in Bangladesh ease domestic supply situation?
- Getting your Trinity Audio player ready... Bangladesh will allow the private sector to set up oil refineries and sell the output both for domestic consumption as well as for exports, a move that would help ease the domestic supply situation in coming years, a senior energy ministry official told S&P Global Commodity Insights Dec. 12.
- Does Bashundhara sell Gasoil to BPC and hsfo?
- It produces diesel, furnace oil, bitumen and naphtha. "We sell gasoil to BPC, HSFO to power plant owners and naphtha and bitumen though our own networking system," said Rahman. Bashundhara has plans to build a new refinery having capacity of over 5 million mt/year in Chattagram under the new policy, he added.
- How much processing capacity a crude oil refinery needs?
- The Energy and Mineral Resources Division under the Ministry of Power, Energy has adopted the new policy and published a notification to this effect. Under the policy, the annual processing capacity of a crude oil refinery set up by the private sector must be at least 1.5 million mt/year.
- What is Bashundhara's plan for a new refinery in Chattagram?
- Bashundhara has plans to build a new refinery having capacity of over 5 million mt/year in Chattagram under the new policy, he added. Bangladesh also has several petrochemicals plants that mainly produce gasoline using condensate.
- How much oil does Bangladesh import a year?
- Bangladesh currently imports around 1.5 million mt of crude oil annually to refine at its sole Eastern Refinery Ltd., a BPC subsidiary. BPC separately imports annually around 7.5 million mt of refined oil products and private power plant owners import around 3 million mt of HSFO.
- Why do private refiners have to pay Taka 1/liter to BPC?
- Private refiners will have to sell refined oil at rates fixed by the government or by the BPC to ensure that consumers get them at uniform retail prices, according to the policy. Under the policy, private refiners will have to pay Taka 1/liter to BPC as margin against selling their output.
