We purchased the first LNG shipment of the year at $15.02 per unit on the open market.
The advisory committee on government procurement approved the purchase proposal on Wednesday.
The Singaporean company Vitol Asia will supply one cargo, or 3.36 million MBtu, of LNG at the price between January 4 and 5, according to the meeting’s agenda.
At $15.02 per unit, the total expenditure will be around Tk 7.09 billion.
The state-owned Abu Dhabi National Oil Company, or ADNOC, has approved the acquisition of 600,000 tonnes of Murban-grade crude oil for 2025 at a total cost of Tk 52.08 billion.
Saudi Aramco, a company in Saudi Arabia, will receive Tk 60.250 billion in exchange for 700,000 tonnes of Arabian Light Crude.
Additionally, we have approved the purchase of refined fuel through the international quotation process from Unipac Singapore, Vitol Asia in Singapore, and OQ Trading in the United Arab Emirates for the months of January through June. The estimated value of the contract is Tk 107.10 billion.
The advisory committee meeting also approved a direct local procurement of 3.81 million liters of raw soybean oil. With a price per liter of Tk 140, the estimated total cost is Tk 533.40 million. It will be supplied by S Alam Super Edible Oil.
Furthermore, the same company approved the purchase of 11 million liters of raw palm oil at a price of Tk 130 per liter. It will cost Tk 1.43 billion in total.
We regularly hold meetings of the procurement committee, said Finance Advisor Salehuddin Ahmed after the meeting. We always give our quick approval to urgent or necessary items. This shows that the government cares about its citizens. We have never witnessed such frequent gatherings.
We expedite the process and grant approval for rational purchases,” he stated. We gave our approval today to buy different kinds of fertilizer. Additionally, we authorized the purchase of soybean oil, lentils, and LNG.
