• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil prices going down
  • 1 hour Oil prices going down
  • 27 mins Could oil demand collapse rapidly? Yup, sure could.
  • 2 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 5 hours Sabotage at Tesla
  • 13 hours Oil and Trade War
  • 35 mins Trump Hits China With Tariffs On $50 Billion Of Goods
  • 13 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 15 hours Sell out now or hold on?
  • 15 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 1 hour After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 10 hours What If Canada Had Wind and Not Oilsands?
  • 9 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 2 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 1 hour Nopec Sherman act legislation
  • 13 hours venezuala oil crisis
  • 13 hours When will oil demand start declining due to EVs?

Breaking News:

Nigeria Struggles To Sell Its Crude

Bangladesh Awards Gas Compressors Work to Russia’s Gazprom

Bangladeshi Prime Minister Sheikh Hasina has approved a proposal of Petrobangla to award the contract for installation of two gas compressors directly to Gazprom despite local firms also bidding on the contract.

Beyond the compressor installations, Hasina’s approval covers drilling of 10 wells in different gas fields of the country with help from Gazprom. Petrobangla was exempted from needing to solicit open bids under a special government act of 2010 mandating increasing the country’s power and energy supplies as quickly as possible.
According to Petrobangla Chairman Hussain Monsur, his company hopes to sign a memorandum of understanding with Gazprom by next week, Dhaka’s The Daily Star reported.

The Gazprom deal for both the compressors and the drilling of wells does not have any financing as yet, and local energy experts estimate that it will take more than $120 million to install the compressors alone, and another $50 million for the 10 wells. 
A government official, speaking on condition of anonymity said, "The Gazprom offer oddly was sent through the diplomatic bag. Then a couple of Gas Transmission Company Ltd officials were asked by Petrobangla to make a rough evaluation of the offer in early July. The offer was evaluated without fixing any technical parameter ...And that could take months to fix."

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News