Govt set to import 1.4m mts refined oil for a half year

The legislature will import 1.4 million metric huge amounts of refined oil for a six-month time span (July-Dec) of the present year from seven state-claimed organizations of six nations through arrangements.

fuel-providing organizations are PTLCL of Malaysia, PTTT of Thailand, BSP Zapin of Indonesia, Enoc of United Arab Emirates (UAE), KPC of Kuwait and two organizations from China — Petrochina and Unipec.

As per authority sources, state-possessed Bangladesh Petroleum Corporation (BPC) has effectively finished the arrangements with the providers and the Cabinet Committee on Public Purchase (CCPP) likewise gave its gesture to the obtainment proposition on August 21 set by the Energy and Mineral Resources Division.

They said a comparative amount of oil based commodities will be imported from worldwide organizations through an open delicate procedure.

The yearly interest for oil in the nation is about 6.5 million metric huge amounts of which about 5.6 million is imported refined fuel, the sources said.

They referenced that the BPC pursues such an approach as a major aspect of the administration’s procedure to import half of oil based commodities from state-claimed organizations through dealings and staying half from universal market through open delicate procedure to guarantee a smooth stock of oil in the nation.

Authority sources said the arranged import of 1.4 million mts of oil will cost around $819.306 million (comparable to Tk 6923.11 crore).

Of this, $784.857 million (Tk 6632.03 crore) will be spent as estimation of the items while $34.449 million (Tk 291.08 crore) for premium which spreads transportation and different charges.

the proposed import, official records appear, the diesel (gas oil) is 1.120 million mts (about 8.355 million barrel), stream A-1 is 145,000 mts (1.160 million barrel), oil (mogas) 30,000 mts (258,000 barrel) and heater oil 140,000 mts.

The BPC set the superior cost at $2.95 for each barrel of diesel while $3.95 for each barrel of stream A-1, $4.90 for oil and $28.25 for every metric ton of heater oil while the cost of oil will be fixed by and large of five days cost according to bill of landing date.

According to the arrangement, the BPC will import 130,000 mts of diesel, 10,000 mts of stream A-1 and 40,000 mts of heater oil from Malaysia’s state-claimed PTLCL while Thailand’s PTTT will supply 60,000 mts of diesel and 20,000 mt of heater oil.

Indonesia’s BSP Zapin will supply 90,000 mts of diesel and 40,000 mts of heater oil, 30,000 mts of petroleum and 15,000 of fly A-1 while UAE’s ENOC will supply 90,000 mts of diesel and 20,000 mts of heater oil.

Kuwait’s KPC will give 540,000 mts of diesel and 120,000 mts of stream A-1 fuel while China’s Petrochina 60,000 mts of diesel and 20,000 mts of heater oil.

Another Chinese state-claimed organization Unipec will supply 150,000 mts of diesel, said the sources at the BPC.

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