DHAKA: Energy and Mineral Resources Division has sought clearance of the Cabinet Committee on Government Purchases for the import 12.54 lakh metric tonnes of petroleum products from Kuwait, the Philippines and Malaysia.

The ministry will take final decision on Sunday, competent sources said.

Secretary to the Energy and Mineral Resources Division, Mohammad Mejbahuddin sent a letter to the purchase committee seeking its approval to the big deal.

The letter says that a meeting between the BPC and Kuwait Petroleum Corporation (KPC) took place in Singapore on April 19 and 20 where the KPC agreed to supply the petroleum products at a cost of US$ 442.274 million.

The KPC will ship the fuel to Chittagong between July and December.

PNOC Exploration Corporation (PNOC) of the Philippines will supply 120 thousand metric tonnes of refined oil at a cost of US$ 76.58 million.

PTCO of Malaysia will supply 4.74 lakh metric tonnes of refined oil at a cost of US$ 15 million.

The demand for refined oil is 17.48 lakh metric tonnes during July-December period in the country.

BDST 2118 HRS,JULY 3, 2010