Dhaka, April 10 -- Bangladesh is moving to reshape its energy procurement strategy, opening parallel tracks with both India and the UAE, as Dhaka looks to shield itself from the massive shocks which rattled global markets during the recently halted Iran war.
At the centre of the plan is a government-to-government arrangement with India that would see Russian crude imported, refined, and sent back as finished fuel, with officials calling it a practical workaround for both volatile supply chains and Bangladesh's own refining limitations, Business Standard BD reported, quoting officials.
A proposal has already been forwarded by the Energy and Mineral Resources Division to engage diplomatically with New Delhi.
Under the plan, India would han...