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Petrobangla picks 7 banks for LNG imports backed by WB guarantee

Dhaka, July 5 -- State-run Petrobangla has selected seven local and foreign commercial banks to facilitate the import of expensive liquefied natural gas (LNG), backed by a repayment guarantee from the... Read More


Petrobangla picks 8 banks for LNG imports backed by WB guarantee

Dhaka, July 5 -- State-run Petrobangla has selected eight local and foreign commercial banks to facilitate the import of expensive liquefied natural gas (LNG), backed by a repayment guarantee from the... Read More


Chevron keen to invest in further exploration of two onshore blocks

Dhaka, July 2 -- Chevron Bangladesh, a part of the global energy company Chevron, has expressed its keenness to invest in further exploration of two onshore gas blocks - block-11 and block-12 - in the... Read More


Chevron to revive $90m gas compression project

Dhaka, June 27 -- After a year-long standstill, Chevron Bangladesh is set to resume its Jalalabad Compression Project, following the settlement of overdue payments by state-run Petrobangla. The move ... Read More


Rough weather in Bay disrupts operations

Dhaka, May 29 -- Liquefied natural gas (LNG) unloading and re-gasification has come under nature's wrath again as at least a couple of LNG-carrying vessels failed to complete ship-to-ship transfer of ... Read More


Further delay likely as interim govt also moves slowly

Dhaka, May 25 -- Bangladesh's delay in constructing its first crude-oil refinery after independence is set to linger further as the interim government is also in the slow lane to implement the project... Read More


With cash in hand, US Co resurrects investment plan

Dhaka, May 17 -- With cash in hand, US energy giant Chevron assures state-run Petrobangla of resurrecting its held-back investment worth around US$65 million in Jalalabad compression project, insiders... Read More