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Chevron announces production from Bibiyana expansion project

Chevron Corporation (NYSE: CVX), the US-based international oil company, Tuesday formally announced its enhanced gas production from Bibiyana gas field. A press statement, released from Chevron’s headquarters in San Ramon of California, said that its Bangladesh subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country. chevron-logo-promoThe project included an expansion of the existing gas plant to process increased natural gas volumes from the Bibiyana Fi...

Solar energy revolution in Bangladesh    

We put a lot of cyber ink into the German, Australian, US, Chinese, Indian, Chilean, and Japanese solar energy revolutions. However, I think the Bangladeshi solar revolution is one we don’t write about enough. One of the biggest reasons for that is probably that it doesn’t compare to the others on a total capacity basis. However, that doesn’t mean the market isn’t huge. In July, we did write about a $78.4 million World Bank loan offered to the Bangladeshi government to finance 480,000 solar home systems. Assuming 5.6 people per household (that’s apparently the average), that’s solar power for 2.688 million people. However, this isn’t the beginning of Bagladesh’s solar revolution at all.

Govt to consider upstream costs in setting gas tariffs: source

The governemnt has for the first time decided to set the domestic gas tariffs in line with the costs of production following requests from international oil companies for an increase, a former senior Petrobangla official told Platts Monday, October 20. Bibiana-gasThe Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources, or MPEMR, asked Petrobangla earlier this month to propose an increase in the gas tariff by calculating upstream costs, former Petrobangla chairman Hussain Monsur said. “We have started cal...

Chevron expects 25pc gas output rise on year by 2015

Chevron Bangladesh expects its natural gas output to have increased 25.17% year on year to 1.492 Bcf/d by the start of 2015, following the inauguration of the Bibiyana gas plant expansion project in November, Petrobangla chairman Hussain Monsur told Platts Thursday. chevron-logo-promoChevron plans to increase natural gas output gradually from the Bibiyana gas field -- the country's largest with an average output of 850,000 Mcf/d from 17 producing gas wells -- from November, Monsur said. In July 2012, Chevron announced a ...

Bangladesh switching to cleaner fuel

Bangladesh will lower the sulphur content of its gasoil imports from January next year, in line with a global move towards cleaner fuel, industry sources said today. The country will import gasoil with 500 parts-per-million (ppm) sulphur instead of the 2,500 ppm, from January, 2015, said Bangladesh Petroleum Corp (BPC) chairman Eunusur Rahman. oil_drops_MThe state-owned company, which is the country’s sole importer of gasoil, will start term negotiations to buy gasoil for next year, in November, he said. The move towards cleaner ga...

Govt set to extend takeoff time for tax holiday in power sector  

The government is set to extend the takeoff time for availing the existing tax-exemption facility for power-sector investors until 2018 to lure huge investment needed to achieve ambitious targets. Under the existing income-tax rules, private investors in the sector can enjoy tax-breaks for 15 years upon starting commercial production in their power plants by June 30, 2016. The power ministry recently urged the finance ministry to take initiative for extension of the takeoff period beyond the June 30, 2016 cutoff time for availing the tax benefit, reports the FE. ministry
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