01 Aug 2021, 17:35

Dhaka seeks US-investment in off shore's oil, gas exploration

  DHAKA, Aug 1, 2021 (BSS) - Adviser to the Prime Minister on Power,
Energy and Mineral Resources Tawfiq-e-Elahi Chowdhury, Bir Bikram, has
sought cooperation of ExxonMobil ,one of the world's largest publicly
traded international oil and gas companies, for investing in
Bangladesh, specially for oil and gas exploration in offshore-places.

  Tawfiq-e-Elahi Chowdhury encouraged ExxonMobil officials to invest
in Bangladesh during a meeting held with senior officials of
ExxonMobil at the Bangladesh Embassy in Washington DC on July 30, an
official release said here today.

  The adviser highlighted the important role of US companies in the
energy sector in Bangladesh and welcomed their contribution to this

   He highlighted the need for investment in building storage
facilities for renewable energy in Bangladesh. Balanced use of
different energy sources is important for the development of
Bangladesh, he said.

   He urged ExxonMobil to expedite deep-sea exploration and invest in
the construction of transmission networks and land-based facilities.

  Officials of ExxonMobil expressed their interest in working with
Bangladesh to ensure the required energy demand to keep pace with the
current development of Bangladesh.

  The meeting was attended by Bangladesh Ambassador to the US M
Shahidul Islam and senior officials of Bangladesh Embassy and

  Later, a Memorandum of Understanding (MoU) was signed between Summit
Oil & Shipping Co. Ltd. (SOSCL) and Commonwealth LNG at the
Bangabandhu Auditorium of the Bangladesh Embassy in Washington DC in
presence of Tawfiq-e-Elahi Chowdhury.

  Welcoming the signing of the MoU, the adviser said such steps would
play a vital role in further expanding existing energy cooperation
between Bangladesh and the United States.