The finance minister, AMA Muhith, has termed the gas export talks following the deal with a US company 'utterly nonsense'.
'We feel very happy that we could sign agreement with ConocoPhillips for the Bay,' Muhith said on Saturday at a monthly luncheon of Foreign Investors Chamber of Commerce and Industries at the city's Sonargaon Hotel.
'We have maritime border disputes with Myanmar and India, but we need to lift gas from the sea. ConocoPhillips will do the job,' he said.
'They will be bound to sell us the oil-gas extracted from the sea,' the finance minister said, 'So, the idea that gas will be exported is utterly nonsense,' he said.
'Calling hartal over gas exp-ort is also nonsense,' he added.
A production-sharing contract deal was signed between the government and ConocoPhillips on Thursday, allowing the company start lifting gas from two blocks in the Bay of Bengal.
The National Committee on Protection of Oil, Gas and Mineral Resources, Power and Ports has called a half-day hartal in Dhaka for July 3, demanding cancellation of the deal.
Source: New Age
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