The United States’ average daily oil production is on track to surge by 1 million barrels per day this year, the biggest one-year jump in the nation’s history, according to latest official figures.
The country has pumped an average of 7.5 million barrels of crude per day in 2013, up from 6.5 million barrels per day in 2012. This breaks last year’s record, when oil production jumped by 837,000 barrels per day year-on-year, reports the PTI.
The data is evidence of the rapid turnaround in US’ e...
Coal India is likely to adopt the public-private partnership (PPP) model to harness the coal bed methane (CBM) opportunity from its existing mines.
“Coal India is unlikely to invest in developing CBM, rather we will appoint an operator for the same on turnkey basis who will bring in resource and technology,” sources close to the development told PTI.
“We propose to select the operator who will share maximum revenue with us, no matter if it is a private entity or PSU,” they said.
The sources said Coal India had no restriction in inducting a CBM private operator and the tender inviting expression of interest was expected by March, 2014.
Earlier this month, the Cabinet Committee on Economic Affairs (CCEA), headed by Prim...
The first-ever 5-star resort established with total local investment in Srimangal upazila namely ‘Grand Sultan Tea Resort and Golf’ is going to start its journey on Wednesday.
Khwaja Tipu Sultan, Chairman of Excursion and Resorts Bangladesh Ltd, the mother concern of the resort, will formally open the resort in the evening on the day.
Popular singers will rock the resort area on the first day of the two-day inaugural ceremony, reports UNB.
Besides, inv...
India has requested Nepal to reduce its trade deficit by exporting electricity to New Delhi. During his meeting with top officials of the Himalayan country in Kathmandu on Sunday, Indian New and Renewable Energy Minister Farooq Abdullah said that it would be the ideal way for the hydropower-rich country to reduce trade deficit. According to Abdullah, it will be a “win-win situation” for the two South Asian neighbours because the proposed deal will not only help Kathmandu utilise its hydropower potential, but also help India meet the growing demand for electricity.
For years Anowara Begum fretted about how frequent power outages in her tiny shack in the Baonia-Badh slum in Dhaka’s Mirpur suburb, interrupted her daily embroidery work, depriving her of crucial income that supports her two children and husband.
“It really hampered my work as I could not see properly the needle and thread due to the darkness,” Begum, 41, told Khabar South Asia, adding, “even my children could not do their homework in the evening”.
But things have improved ever since CHANGE, a Dhaka-based non-government organisation (NGO), installed botol bati (liter of light) at her home in April. “Now, we get ample light through the solar-powered bottle of light,” she said.
[caption id="attachment_2112" align="alignle...
Airtel Bangladesh Ltd, one of the fastest growing mobile service providers of the country has launched a pioneering payment system through mobile phone service in Bangladesh. For the first time, Airtel’s Valued Customers can enjoy a cashless and card less solution for making payments at fuel stations in Dhaka.
Now, an Airtel Customer with a DBBL mobile account can pay from his/her mobile phone while refilling fuel for their vehicle without using any cash or card for the fuel. Ai...
