The state-run Bangladesh Petroleum Corporation (BPC) will import around 330,000 tonnes of refined petroleum products, especially diesel and jet fuel, this month under both term and open bidding system.
Of the products to be imported by the BPC, 300,000 tonnes will be diesel and 30,000 tonnes of fuel, a senior BPC official said.
The BPC will import the petroleum products from Kuwait Petroleum Corporation (KPC), and Unipec Singapore Pte Ltd.
Besides, under open tendering system, the BPC is expected to import 1.27 million tonnes of refined petroleum products including diesel, jet fuel, furnace oil and octane from Unipec Singapore Pte and Vitol Asia between January and June 2018.
Separately, the state-run corporation has almost completed negotiation with the term suppliers to import around 1.20 million tonnes of refined petroleum products including diesel, jet fuel, furnace oil and octane during the January to June period of 2018.
The BPC has been importing refined petroleum products under both term deals and open tendering in line with a government decision taken last year.
Kuwait Petroleum Corporation (KPC) is the major term supplier of refined petroleum products in Bangladesh.
Other term suppliers of petroleum products to BPC include Malaysia's Petco Trading Labuan Company, Emirates National Oil Company, PetroChina Singapore, Chinese Zhenhua Oil Company Ltd, Petrolimex Singapore of Vietnam, Philippine National Oil Corporation, Indonesia's Bumi Siak Pusako, and Oman Trading International.
Bangladesh had not imported gasoline in the past two years as domestic production was enough to meet the local demand.
