Energy Bangla

Energy electricity and environment news portal

Dhaka Thursday,  Nov 23, 2017

Nat. Committee Urged State-Run Company To Procure Chevron’s Asset

EB Report

The National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports urged the state-run agencies to procure the assets of US giant Chevron-operated gas fields, as the company is winding up its operation from Bangladesh. The committee in a statement alleged that, the government is not strengthening the state-run agencies to direct the country’s energy sector, rather the energy sector is now mostly governed by the foreign authorities from countries like the USA, China, India and Russia.

Eng. Sheikh Mohammad Shahidullah, the convener of the national committee and Anu Muhammad, the member secretary of the national committee made these statements on behalf of their organization on Tuesday.

According to their statement, Chevron is likely to sell its share to a Chinese company, which won’t bring any good for the countrymen. Magurchora explosion wasted about 250 bcf of gas which was caused by the Chevron’s predecessor Occidental, but the government hasn’t got any compensation for that.

State’s natural resources like gas fields should be operated by the state-run agencies as the countrymen are the owner of these assets. It’s true that the state-run authorities lack technology and experts but, the government seems to be keen to lease those resources to foreign companies rather making the state-owned agencies capable of handling those resources, they said.

The national committee demanded Bapex to procure and operate three gas fields that the US giant Chevron is now likely to sell.

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