Browse Day

July 3, 2023

Chevron expects 25pc gas output rise on year by 2015

Chevron Bangladesh expects its natural gas output to have increased 25.17% year on year to 1.492 Bcf/d by the start of 2015, following the inauguration of the Bibiyana gas plant expansion project in November, Petrobangla chairman Hussain Monsur told Platts Thursday. chevron-logo-promoChevron plans to increase natural gas output gradually from the Bibiyana gas field -- the country's largest with an average output of 850,000 Mcf/d from 17 producing gas wells -- from November, Monsur said. In July 2012, Chevron announced a ...

H&M CEO visits Bangladesh to discuss wages

Karl-Johan Persson, CEO at H&M, visited Bangladesh yesterday to meet with the Minister of Commerce in Bangladesh, Tofail Ahmed. At this meeting, Karl-Johan Persson presented H&M’s request for effective systems that regulate costs and prices in Bangladesh. H&M CEOHe also highlighted the need for continued wage development through annual revisions, one of the requirements of establishing a fair living wage that H&M has been working actively towards for many years. The previous meeting with the Government of Bangladesh was held in 2012. “We ...

Tea prices down on poor grade

Tea prices in Bangladesh fell at the weekly auction on Tuesday from the previous sale, due to larger supplies of inferior quality, although strong demand for quality leaf limited the slide and sales rose. teaBangladeshi tea fetched an average of 183.46 taka ($2.39) per kg at the auction, below the 184.74 taka at the previous sale, said an official at National Brokers Ltd. More than 2.47 million kg was offered at the auction centre in Chittagong, with 18.3 percent going unsold. The last time, about 2.45 million kg was offered, of which nearly a fifth w...

Bangladesh switching to cleaner fuel

Bangladesh will lower the sulphur content of its gasoil imports from January next year, in line with a global move towards cleaner fuel, industry sources said today. The country will import gasoil with 500 parts-per-million (ppm) sulphur instead of the 2,500 ppm, from January, 2015, said Bangladesh Petroleum Corp (BPC) chairman Eunusur Rahman. oil_drops_MThe state-owned company, which is the country’s sole importer of gasoil, will start term negotiations to buy gasoil for next year, in November, he said. The move towards cleaner ga...

IBBL opens Panchbibi Branch

Islami Bank Bangladesh Limited (IBBL) inaugurated its 287th branch at Panchbibi, Joypurhat on Wednesday (October 15, 2014). Panchbibi FinalMd. Shahiduzzaman Sarker MP, Whip of the Parliament inaugurated the branch as Chief Guest. Presided over by Mohammad Abdul Mannan, Managing Director of the Bank the program was addressed by Humayun Bokhteyar, ACPA, FCA, Director of the Bank and Monoj Kanti Boiragi, General Manager, Bangladesh Bank, Bogra branch addressed the function as special guests. Abdul Hakim Mondol, President, Joypurh...