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Aramco interested to invest in Bangladesh’s energy sector

Saudi Arabian national petroleum and natural gas-based Oil Company Aramco has shown its interest to invest in the energy sector in Bangladesh.

Aramco Managing Director Waleed K Ghemlas on Monday expressed the interest at a meeting with State Minister for Power, Energy and Mineral Resources Nasrul Hamid at the latter’s office in the secretariat in the city, said an official release.

Ghemlas said his company is primarily interested to set up oil refinery in Bangladesh.

Nasrul said future of petrochemical industry in Bangladesh is very bright. Saudi Arabia has a great opportunity to invest in the energy sector in Bangladesh, he added.

The state minister urged the Saudi oil company to conduct feasibility study on the market and the Bangladesh Petroleum Corporation (BPC) to assist in this regard.

Energy and Mineral Resources Division Secretary Abu Hena Md Rahmatul Munim and Aramco India Office President Mohammed Mughirah were present, among others, in the meeting.

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