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BD to become oil producer, hopes Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Tuesday expressed the hope that Bangladesh is going to be an oil producing country. “Even, it could emerge as an oil exporting country,” he said, addressing a ‘Meet the Press’ programme at the Jatiya Press Club. Nasrul Hamid said that state-owned Petrobangla has started producing fuel oil on a limited scale. “We’ve huge petroleum and kerosene oil reserve. “We need political economics to bring it under a commercial plan.” Petrobangla is going to get more oil, but the transportation of this petroleum fuel need proper planning, he said, adding that the Energy Ministry is thinking of an integrated planning, according to UNB.
Link: http://www.thefinancialexpress-bd.com/2014/03/11/22964
They discovered $5 billion worth of oil in Sylhet (my region in Northern Bangladesh) two years ago.
The total worth of around the 55 million barrels of extractable oil discovered in the two fields is around about 425 billion takas (US$5.5 billion).
