Dhaka, March 15 -- As S Alam Group's partnership with the Eastern Refinery Limited (ERL) has been cancelled, the second unit of the ERL will now be built under the Bangladesh Petroleum Corporation (BPC) with state funds along with a foreign financer.

Meanwhile, the Ministry of Energy and Mineral Resources has written to the BPC to complete a fresh development project proposal as soon as possible as it has been trying to build the facility with Kuwait funds.

To this end, the ministry has started negotiations with the Kuwait government for bankrolling the project. The financer is expected to finalise it very soon.

Talking to the FE, ERL managing director Sharif Hasant said, "Work on the project will begin only after required funds are se...