Bangladesh Petroleum Corporation struck fresh deals with eight Singapore
based companies for importing 5.1 million metric tonnes of petroleum
products from January to December 2014, officials said.
Under the deals BPC would import 3.8 million tones of refined oil and 1.3 million tones of crude, they informed.
The refined petroleum products will include 27 lakh tones of diesel,
7.60 lakh tones of furnace oil, three lakh tones of jet fuel, 30,000
tonnes of octane and 10,000 tonnes of kerosene, they said.
BPC chairman Eunusur Rahman told New Age that the fresh deals were
signed last week to get uninterrupted supplies of petroleum products in
2014.
‘During our stay in Singapore from November 19 to 26, we negotiated the
deal with the representatives of the foreign firms before signing the
agreements,’ he added.
He said that the premium, or the charges in addition to fuel price of
furnace oil was discussed as its price for 2014 fell by $ two from $ 37
per tone in 2013.
The premium on other products remained unchanged, he said.
In 2013, BPC paid the per barrel premium of $ 7.50 for octane, $ 4.80
for diesel, $ 5.80 for jet fuel and kerosene, officials said.
They said that a five-member high power team led by energy ministry
secretary Mozammel Huq was in Singapore to strike the deals.
The team included BPC chairman Eunusur Rahman.
The deals were struck with the suppliers from Kuwait, UAE, Egypt, Malaysia, China, Vietnam, Maldives and Indonesia, they said.
State-run BPC is the country’s lone importer and distributor of petroleum products.
Imported crude is refined by the country’s lone state owned Eastern Refinery Ltd. (source)