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Indian NRL signs MoU with BPC for pipeline

Numaligarh Refinery Ltd (NRL) today signed an agreement (MoU) with Bangladesh Petroleum Corporation for export of products through the proposed Indo-Bangladesh pipeline. BPC logoThe MoU provides for export of petroleum products from NRL’s marketing terminal in Siliguri to Bangladesh Petroleum’s depot at Parbatipur in Bangladesh through the proposed ‘Indo-Bangla Friendship Pipeline (IBFPL)’ of 130 km length and capacity of one MMTPA, an NRL release said here. The pipeline would be implemented through a joint venture company formed by NRL and...

BPC tenders to sell 170,000 bbls naphtha

Bangladesh Petroleum Corp (BPC) has issued an international tender to sell 170,000 barrels of naphtha for May 24-26 loading from Chittagong, a company official said on Tuesday. The tender will close on May 5, with validity up to May 12. napthaThe offer came after Asian naphtha crack fell to $99 a tonne on Monday, as expectations of high supplies coming to the east next month from Europe pushed it lower for the third straight session. State-owned BPC sold a cargo of the same size to Unipec at premiums of $0.39 a barrel to Singapore quotes in February, ...

Biman new MD hopes to serve travelling needs

Mr. Kyle Haywood, the new CEO & Managing Director of Biman Bangladesh Airlines, sits with United World to discuss the company’s strategies for expansion, as well as the growth of the flag carrier, and advice to those looking to invest in Bangladesh. You have been here a little over 6 weeks now, and you really hit the ground running. Biman represents a challenge, as well as a tremendous opportunity, with the air transport sector experiencing kyle-haywoodaround 8% annual growth. Where do you see Biman fitting into the future of Bang...

Year 2016: The ‘Year of Tourism’

With the development of tourism hotspots, new luxury hotels being built and improved air connectivity, ‘Beautiful Bangladesh’ looks set to project itself onto the international tourist map While the exoticism of India has long made it a Mecca for Western travellers keen to experience its sights, sounds and culinary delights, its smaller neighbor to the east has been largely overlooked. But a Bangladesh-Tourismnew impetus to attract foreign visitors and develop tourist hotpots could help Bangladesh, which can more than match...

Hotel bookings soar 60pc before Boishakh festival

Tour operators and hoteliers are expecting a boom in their business on the occasion of Pahela Boishakh, the first day of the Bangla New Year. The sector players are taking preparations to welcome local and international tourists during Pahela Boishakh, reports the Financial Express. Five-Star-hotelThe tour operators as well as hotel and motel businesses have already taken massive preparations as a large number of tourists are expected to visit Cox’s Bazar, St Martin’s Island, Sundarban, Kuakata, Srimongol, Mainamati, Bandarban...

Govt mulls subsidy to popularise LPG

The Energy Ministry has been studying different possible options to provide subsidy to the LPG (liquefied petroleum gas) sector to popularise it and make it more accessible to the people living in the areas having no pipeline-gas network. According to official sources, the new move came against the backdrop of the government’s plans to limit the use of pipelined gas by replacing it with any other alternative. LNGThe idea has captured policymakers’ minds following the recent hearing of the Bangladesh Energy Regulatory Commission (BERC) on the state-ow...
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