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 said, as the interim government cleared arrears in gas bill at one go.

The Chevron Bangladesh company assurance came during a joint-management committee meeting recently following a request from Petrobangla to resume the multinational's stalled investment after clearing all overdue payments.

Chevron Bangladesh had put on hold the Jalalabad compression-project investment proposal through a letter to the state corporation on April 4, 2024.

In the letter, Chevron Bangladesh President Eric M walker wrote on deferment of the project until the ...