Energy Bangla

The state-run oil marketing arm BPC is set to receive a costlier loan of US$ 1.20 billion from the International Islamic Trade Finance Corporation (ITFC) to import petroleum products in the calendar year 2020. Officials said the Bangladesh Petroleum Corporation (BPC) negotiated the loan at an interest rate of 4.50 per cent, which the ITFC calls a mark-up rate. The rate is higher by 0.70 per cent from the mark-up... »

The state-run Bangladesh Petroleum Corporation (BPC) has floated tender to import up to 1.345 million tonnes of refined oil products during the second half of 2019 calendar year (July-December). The oil products include up to 1.12 million tonnes of 0.05 per cent sulphur gasoil (diesel), 110,000 tonnes of jet fuel, 100,000 tonnes of furnace oil, and 15,000 tonnes of octane. The tender bid submission deadline is May 16, and the... »

Immersed up to her neck in a dark viscous liquid, Sulfiya smiles in delight, confident that the fetid substance will cure her painful condition. Sulfiya, a Russian woman in her 60s, has travelled to Azerbaijan’s north- western city of Naftalan in the hope that crude oil baths at a local sanatorium will end her years of suffering from polyarthritis, a disease affecting the joints. “This is so pleasant,” she enthuses,... »

MOSCOW: Venezuela’s oil exports have tapered off and shifted toward India since new US sanctions began on January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers, especially in India, its second-largest customer after the United States, amid US sanctions designed to undercut financial support for... »

BNO Lubricants has introduced two new technologies—Nynas technology in transformer oil and Nano technology in lubricants—considering the environment and longevity of the engine. The nano technology is aimed at attaining fuel efficiency and more power, enhancing lifetime, reducing emission in the lubrication system and improving engine performance. The Nynas technology-based transformer oil is basically wax-free and has a good flowing feature at low temperatures and under good heat distribution oil.... »

BBC: Mexican authorities now put the number killed in Friday night’s fuel pipeline blast at 66, with scores more injured. It is believed the explosion occurred after the line was ruptured by suspected fuel thieves in the town of Tlahuelilpan, in Hidalgo state. Officials say scores of people had been scrambling to fill up containers and were engulfed in an inferno. Dozens of charred bodies remain at the scene, which... »

The government is set to lay a 246-kilometre pipeline for supplying fuel oil from Chattogram to Dhaka in an attempt to check pilferage and ensure its quick supply, officials said on Saturday. The Bangladesh Petroleum Corporation (BPC) will install the country’s longest pipeline involving Tk 28.61 billion, they said. The pipeline will carry imported and refined petroleum from the port city to Dhaka, the highest oil-consuming area. According to the... »

Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus. Oil supply, led by U.S. producers, is growing more quickly than demand and to ward off a build-up of unused fuel such as the one that emerged in 2015, the Organization of... »

India hopes to secure a waiver from U.S. sanctions on Iran before they take effect on Nov. 4, as it had significantly cut Iranian oil imports before the deadline, officials said on Monday. The United States is imposing new sanctions on Iran’s oil industry after Washington withdrew from a nuclear deal between Tehran and other global powers. Washington said on Friday it was considering waivers for nations that were reducing... »

Lub-rref (Bangladesh) Ltd have recently received its renewed Accreditation Certificate from Bangladesh Accreditation Board (BAB). Through this achievement, Lub-rref (Bangladesh) Ltd can perform test of all type of Petroleum Products in its laboratory situated in Chattagram and issue test report that will have global acceptance. It is to mention that, Lub-rref (Bangladesh) Ltd was awarded the certificate in 2013.