Dhaka, March 12 -- Prime Minister's Energy Adviser Dr Tawfiq-e-Elahi Chowdhury has said that the international bidding for offshore oil and gas exploration will draw a huge response.

"This round, we have introduced some new aspects like linking gas price with Brent and per year cost recovery at highest 75 per cent to make the bidding more attractive," he told reporters at a press conference at Petrobangla headquarters in Dhaka on Monday, reports UNB.

The Energy and Mineral Resources Division organised the press conference to brief about the "Oil and Natural Gas Exploration Under Bangladesh Offshore Bidding Round 2024", for which Petrobangla invited international oil and gas companies (IOCs).

State Minister for Power, Energy and Mineral...