Petrobangla to ink MoU with Russia for energy sector development

Petrobangla to ink MoU with Russia for energy sector development

DHAKA, Feb 6:  A high-powered delegation led by Economic Adviser to the Prime Minister Dr Moshiur Rahman leaves here tonight for Russia to ink a Memorandum of Understanding (MoU) for the development of the country’s energy sector. According to the energy ministry sources, the delegation is will sign a MoU with Gazcrom, a Russian-based gas exploration and development company, to explore hydrocarbon in the country and increase gas supply through installing compressors.  Energy Secretary M Mijbahuddin and Petrobangla Chairman Dr Hossain Mansur will accompany Dr Moshiur.

Energy ministry sources said Bangladesh is set to sign a Joint Venture Agreement (JVA) with Russia to develop the country’s energy sector, especially the geologically difficult gas blocks.

A Russian delegation comprising officials and technical personnel last month visited Dhaka and agreed to initial the MoU.


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