PDP against gas exploration deal

Progressive Democratic Party, formed during the military-backed caretaker government, has demanded cancellation of the deal signed with US firm ConocoPhillips.

PDP chairman Ferdous Ahmed Qureshi came up with the demand at a press meet in the city on Saturday.

He also demanded that the US firm be declared 'unwanted' in Bangladesh.

'The government has given in to foreign pressure and signed the unequal and irrational deal, which is nothing but a bluff,'

he said.

The government signed the deal with the US firm on June 16, awarding exploration of gas from two deep-sea blocks.

Referring to the country's declining oil and gas reserves, Qureshi said, 'We're always against gas export. So, we extend our full support to the movement to protect the country's oil and gas.'

Source : New Age

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