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PM urges Gazprom to conduct more seismic surveys in Bangladesh for gas

DHAKA, July 10, 2014: Prime Minister Sheikh Hasina today urged the Russian state-run oil and gas exploration company Gazprom to conduct more seismic surveys in Bangladesh for exploration of more gas.
The Prime Minister made the request when a delegation of Gazprom International, led by its CEO Valeriy Gulev, called on the PM at her official Ganobhaban residence here this morning.
Briefing reporters after the meeting, PM’s Press Secretary AKM Shamim Chowdhury said that the Gazprom has proposed to work
with Bangladesh’s state- run BAPEX for exploration of gas in the country’s plain lands, hill tracts and offshore areas.

The Gazprom CEO apprised the Prime Minister that his company
has been assisting BAPEX in developing 10 gas fields in the
country side by side increasing 20 percent production of gas in
Bangladesh.

Besides, he said, two more gas fields in the country would
be developed by the Gazprom along with BAPEX.

Valeriy also mentioned that he would request his government
to give more scholarships to Bangladeshi students in Russia in
the fields of higher education in the gas and medical sectors.

The Gazprom high official proposed gas exploration in joint
venture with BAPEX in the third country outside Bangladesh like
Myanmar.

Congratulating the Prime Minister on her assumption of
office for the second consecutive term, the Gazprom CEO also
highly praised the dynamic and visionary leadership of Prime
Minister Sheikh Hasina for carrying out massive development in
the country.

Welcoming the joint-venture proposal of Gazprom with the
BAPEX for exploration of gas in the country, the Prime Minister
said that such a joint-venture initiative could take place.

In this connection, she said although there may be some
resource or financial constraints for the BAPEX, it has
sufficient manpower and could work in this sector.

Sheikh Hasina, however, suggested that the joint-venture
proposal for exploration of gas in the third country could be
considered in the next phase.

Recalling the contribution of Russia during the War of
Liberation in 1971, the Prime Minister said that Russia is a
time-tested friend of Bangladesh as they had assisted the country
to reconstruct the war-ravaged economy and a number of their men
laid down their lives during the freedom struggle.

State Minister for Power, Energy and Mineral Resources
Nasrul Hamid, PMO Senior Secretary Abul Kamal Azad, Bangladesh
Ambassador to Russia Dr SM Saiful Haque, Russian Ambassador to
Bangladesh Alexander A Nikolaev and Petrobangla Chairman Dr
Hossain Mansur were present.

Gazprom is a global energy company. Its major business lines
are geological exploration, production, transportation, storage,
processing and sales of gas, gas condensate and oil, sales of gas
as a vehicle fuel as well as generation and marketing of heat and
electric power.

Gazprom holds the world’s largest natural gas reserves. The
Company’s share in the global and Russian gas reserves makes up
18 and 72 per cent respectively. Gazprom accounts for 14 and 74
per cent of the global and Russian gas output accordingly.

At present, the company actively implements large-scale
projects aimed at exploiting gas resources of the Yamal
Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as
well as hydrocarbons exploration and production projects abroad.

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