Bangladesh is bidding for 1.425 million tons of petroleum products in the first half of 2019

According to Reuters reported on October 16th Dhaka, an international bidding document issued by Bangladesh Petroleum Corporation (BPC) shows that it will import up to 1.425 million tons of refined oil in the first half of 2019.

The state-owned company is looking for 1.06 million tons to 1.18 million tons of gasoline with a sulfur content of 500 parts per million, and 80,000 to 120,000 tons of high-sulfur fuel oil, 110,000 tons of jet fuel and 15,000 tons. 95 octane gasoline.

The tender will end on October 25 and will be valid until February 25, 2019.

A senior BPC official said that delivery will be phased in the first half of 2019. He told Reuters that some of the quantities would be imported through separate regular transactions but did not provide detailed information.

After 15 years of disruption, BPC resumed the tender for long-term contracts in February 2016 and negotiated with fuel product suppliers during this period.

The company hopes to abandon direct deals and instead buy them at a lower price through international tenders.