Bangladesh Petroleum Hit With Fuel Shortages
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Wednesday, 02 April 2008 |
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Indian Oil Corporation (IOC)
will be unable to export 120,000 tons of fuel to Bangladesh Petroleum due to inadequate fuel supply.
BPC Director for
Operation Syed Mozammel Hoque said Bangladesh signed a contract with
IOC in January this year for importing at least 120,000 tons of fuel.
Under the contract, the first shipment of 10,000 tons of diesel was
scheduled for arrival at the end of March or early April through river
route.
Hoque said the IOC sent a letter recently stating that
it would not be possible on its part to export fuel to Bangladesh for
the time being as it itself is importing oil to meet demand in India.
IOC exported 200,000 tons of fuel to Bangladesh in 2005 and the same
quantity in 2006 through sea route. The IOC did not export fuel to
Bangladesh in 2007, but it had proposed to make future shipment through
river route.
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