To expand its business in Bangladesh, Indian Oil Corp (IOC) is looking to utilise global energy giant Total’s liquefied petroleum gas (LPG) terminal in Chittagong to supply cooking gas to the north-eastern part of India. The oil marketer may also set up an office in Bangladesh. Separately, IOC is also planning to set up an office in Myanmar to oversee operations there. “We are looking at the possibility of feeding LPG to the northeast through Bangladesh. In Chittagong, there is a terminal of Total and we plan to utilise this,” said Sanjiv Singh, chairman, IOC, adding that Bangladesh will also benefit as IOC will be able to provide packed LPG in the country.
In April 2016, Bangladesh Petroleum Corporation and IOC had signed a memorandum of understanding (MoU) in Dhaka to build an LPG terminal jointly which would serve both Bangladesh and the eastern and north-eastern parts of India. Read More…
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