TK Group-owned company fined Tk32.44cr
TK Group-owned company fined Tk32.44cr

The Bangladesh Competition Commission has imposed an administrative financial penalty of Tk32.44 crore on Shabnam Vegetable Oil Industries Ltd, a concern of TK Group, over allegations of market manipulation and supply irregularities in the edible oil sector. The information was disclosed in a...

Libya’s largest oil refinery halts operations during fighting
Libya’s largest oil refinery halts operations during fighting

Libyas largest operational oil refinery at Zawiya has been shut down and an emergency declared following fighting between armed groups nearby, reports Al Jazeera. The National Oil Corporation (NOC) and Zawiya Refining Company announced a precautionary halt to operations and evacuated employees...

Eastern Refinery set to resume production
Eastern Refinery set to resume production

A shipment of crude oil is set to arrive in the country after nearly two and a half months. The oil tanker MT Ninemia, carrying 100,000 tonnes of crude, is expected to reach the outer anchorage of Chattogram Port today after departing from Yanbu Port in Saudi Arabia. Unloading operations will begin...

BPC chief says 23% of expected refined oil consignments imported in April
BPC chief says 23% of expected refined oil consignments imported in April

Bangladesh Petroleum Corporation (BPC) Chairman Md Rezanur Rahman has said that 3-4 of the total 17 refined oil shipments expected in April has reached the country so far, with only 12 days remaining in the month. Speaking to BBC Bangla, the BPC chief gave a brief outlook of refined and crude...

ERL runs on low feed, fuel supply stable: Ministry
ERL runs on low feed, fuel supply stable: Ministry

The countrys only state-owned refinery, Eastern Refinery Limited (ERL), is operating at reduced capacity due to disruptions in crude oil imports linked to the ongoing Middle East conflict, the Energy Ministry said on Wednesday. In a statement, the Ministry of Power, Energy and Mineral Resources...

Crude oil shortage puts Eastern Refinery at risk of shutdown
Crude oil shortage puts Eastern Refinery at risk of shutdown

The countrys only state-owned oil refinery, Eastern Refinery PLC, is on the verge of shutdown due to a disruption in crude oil imports amid the ongoing Iran war, raising concerns over fuel supply stability. Sources said the refinery has nearly exhausted its crude oil reserves, and production...