The Cabinet Committee on Economic Affairs (CCEA) in Bangladesh gave an approval to import 2,60,000 metric tonnes of fuel on an emergency basis, aiming to strengthen the country’s reserves in the face of an uncertain global energy market.
The decision was taken on Tuesday at a meeting chaired by Finance and Planning Minister Amir Khasru Mahmud Chowdhury.
Sources said the Energy and Mineral Resources Division secured approval for three key import proposals under both Direct Purchase Method (DPM) and government-to-government (G2G) arrangements to ensure timely supply.
As part of the plan, the government approved the purchase of 1 lakh metric tonnes of crude oil from Abeer Trade & Global Markets. Additionally, under a G2G deal, 60,000 metric tonnes of 0.5 per cent sulfur gas oil will be imported from Indonesia’s PT Bumi Siak Pusako Zapin (BSP Zapin).
Another 1 lakh metric tonnes of 50 PPM sulfur diesel is set to be procured from Maxwell International SPC.
However, two proposals were withdrawn from consideration. These included plans to import 1 lakh metric tonnes of EN590-10 PPM sulfur diesel from ExxonMobil Kazakhstan Inc. and 60,000 metric tonnes of 0.5 per cent sulfur gas oil from Archer Energy LLC.
Officials said the use of direct procurement is intended to avoid lengthy tender procedures and ensure uninterrupted fuel supply.
The approved proposals will now be forwarded to the Cabinet Committee on Government Purchase (CCGP) for final pricing and contract approval.
