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By Ruma Paul
DHAKA (Reuters) - Energy traders Unipec and ENOC placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.52 million tonnes of oil products for import in the second half of 2018, officials said on Tuesday.
The state-owned company was seeking between 1.1 million tonnes and 1.28 million tonnes of 500ppm sulphur gasoil, 100,000 tonnes of jet fuel and 120,000 to 140,000 tonnes of 180-cst high-sulphur fuel oil.
Unipec, the trading arm of China's state-owned Sinopec, placed the lowest offer for the gasoil and jet fuel cargoes, beating eight other traders, two BPC officials familiar with the matter said.
"The deal will be finalised by the end of this month after verifying all other details," the official added.
The tender closed on April 11 and was expected to be valid for 75 days to June 24.
BPC resumed issuing tenders for long-term contracts in February, 2016 after a 15-year hiatus, during which it negotiated directly with suppliers of fuel products.
It wants to move away from direct deals as part of efforts to buy at cheaper rates.
Currently, BPC has term contracts with 10 companies for refined oil product imports.
Bangladesh, with more than 160 million people, also plans to tap currently cheap and plentiful global liquefied natural gas (LNG) supplies to fill a domestic supply shortfall.
(Reporting by Ruma Paul; Editing by David Goodman)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)