Oil refinery Dhaka, Tehran agree to carry out feasibility study
Energy and Mineral Resources Minister Lt Gen (retd) Muhammad Noor Uddin Khan yesterday said that setting up of a refinery in the country and other matters related to petroleum sector was discussed during his recent visit to Iran, reports UNB. He returned home Monday night from Singapore where he spent one week on personal ground after completing his three-day visit to Iran. Noor Uddin Khan said the progress of setting up of a refinery was reviewed at the formal talks with his Iranian counterpart.
Regarding the setting up of the proposed oil refinery, both sides agreed that a detailed feasibility study (DFS) be carried out by an independent consultant and on the basis of the report of the DFS both sides will take further necessary steps. Khan further said that it was discussed that the refinery will be established with the assistance of government and private sectors of both the countries. The matter of inclusion a third party or country into the project was also discussed. The minister said that the issue of financing would be resolved when the report of DFS will be available.
The minister said that the Iranian side had agreed to supply the remaining portion of the 70,000 tons of bitumen as was contracted earlier. Bangladesh side opted for importing the remaining 52,000 tons of bitumen on C&F basis. Iran also agreed to supply 5000 tons of liquid petroleum gas (LPG) monthly on FOB basis. However, Bangladesh will approach for the delivery of LPG only when the necessary facilities for taking delivery of the LPG will be developed at Chittagong port.
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