Dhaka: The government has sanctioned the procurement of one cargo of Liquefied Natural Gas (LNG), 2.20 crore litres of refined palm olein, and 30,000 metric tons of bagged granular urea fertilizer to address the increasing demand for these essential commodities.
According to Bangladesh Sangbad Sangstha, these approvals were granted during the 16th meeting of the Advisers Council Committee on Government Purchase for this year, which was conducted virtually under the chairmanship of Finance Adviser Dr. Salehuddin Ahmed.
Petrobangla is set to procure one cargo of LNG from the spot market following a proposal from the Energy and Mineral Resources Division. The procurement will be handled through the international quotation method from M/S Vitol Asia Pte Limited, Singapore, at an estimated cost of TK 598.30 crore.
On the proposal from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) will acquire 2.20 crore litres of refined palm olein using the local Open Tender Method from Shabnam Vegetable Oil Industries Limited, Dhaka. The transaction is valued at approximately TK 356.82 crore, with each litre of palm olein priced at TK 162.19.
In addition, the Bangladesh Chemical Industries Corporation (BCIC) will procure 30,000 metric tons of bagged granular urea fertilizer from KAFCO, Bangladesh, following a proposal from the Ministry of Industries. The deal, amounting to around TK 142.87 crore, prices the fertilizer at $390.37 per ton.