Marine Link
Friday, March 29, 2024
SUBSCRIBE

Bangladesh Petroleum Corp News

08 Dec 2023

Bangladesh Puts to use China-built Crude Oil Offloading Facility

Copyright andriano_cz/AdobeStock

Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly reduce the cost of shipping in crude oil.The single-point mooring facility at Chattogram port last Sunday offloaded 82,000 tons (about 600,000 barrels) of crude oil from a 100,000-ton tanker, said an official with state-run Bangladesh Petroleum Corp (BPC).The project is majority-funded by the Chinese government and build by a unit of Chinese state oil major CNPC, said the BPC official who declined to be named as he's not authorized to sp

08 Oct 2021

Bangladesh Pays Record Prices for Two LNG Shipments

Credit: donvictori0
/AdobeStock

Bangladesh bought two liquefied natural gas (LNG) cargoes for delivery in October at record prices, two industry sources said on Friday, as low inventory in Europe boosts competition with Asia for supplies ahead of winter.The south Asian nation bought one cargo from trader Vitol for delivery in mid-Oct. at $35.89 per million British thermal units (mmBtu) and another from Gunvor for late Oct. delivery at $36.95 per mmBtu, said an official of state-run Petrobangla."Winter is yet to come but prices have gone crazy…

24 Sep 2014

BPC Tenders 170mb Naphtha Parcel

Bangladesh Petroleum Corp (BPC) issued an international tender to sell 170,000 barrels of naphtha on Wednesday for Oct. 27-29 loading from Chittagong, a company official said. The tender will close on Oct. 13, with validity up to Oct. 16. The offer came as the discount on the Asian naphtha price differential for first-half November and first-half December widened to $3.50 a tonne to reach its lowest in six sessions as an excess of cargoes persisted. BPC sold a same-size cargo to Vitol Asia at premiums of $1.32 a barrel to Singapore quotes, the highest since March 2013. Apart from exporting, BPC sells naphtha domestically to privately owned Super Petrochemical. BPC had earlier finalised second-half term contracts for refined oil products at mostly unchanged premiums.

12 Mar 2014

Asia Fuel Oil: 380-cst cash premium rises 76 percent

The cash premium of the benchmark 380-cst fuel oil grade firmed for the fourth straight session on Wednesday, underpinned by lower supply in the region in early April. The 380-cst cash premium rose 76 percent or close to $1 a tonne to a two-week high of $2.22 a tonne, Reuters data showed. this period has provided some support for the 380-cst market. Around 4.17 million tonnes of fuel oil will arrive in April from the West, of which only an estimated 950,000 tonnes or just 20 percent of the total, will make a landfall in the first 10 days of the month, Reuters reported earlier. On the other hand, demand from southeast Asia is also set to increase…