Dhaka in deep talks with IsDB over $1b Eastern Refinery loan terms

[LeonBlack08]

Better to spend some time looking for better lenders at better rates. Can't see what is so urgent that you want a bad deal

Agree.

Decades of Mismanagement and incompetence.

They are in panic mode now looking at fuel import bill going to the moon.

 

[BananaRepublic]

Also - Where is the proof of your claim that I asked you earlier? You claimed We don't need the byproducts of refined oil. Provide the proof.

Still waiting.

Debating with you is pointless because you will pluck out some nonsense from Google search and I do not have @Owaiz time to debunk you.

And when you lose an argument you’ll use the “mod privileges” to lash out like a street thug.

Anyway, as @Owaiz has also pointed out BD doesn’t have the backward and forward linkage to process the gunge that is left over. Which reduces the viability even more.

He has also supported my assertion that it won’t lead to much (if any) forex savings once you factor in cost of crude, cost of refining, loans.

And you cannot tripple capacity of anything and still call it brownfield.

That’s just unhinged thinking.

 

[BananaRepublic]

Better to spend some time looking for better lenders at better rates. Can't see what is so urgent that you want a bad deal

Sharia lenders are always fishy.

Far too exploitative.

 

[Arthur]

Better to spend some time looking for better lenders at better rates. Can't see what is so urgent that you want a bad deal

They were looking for one for 17 years. And guess how many was there?

None. Nada. Zero.

 

[LeonBlack08]

Debating with you is pointless because you will pluck out some nonsense from Google search and I do not have @Owaiz time to debunk you.

And when you lose an argument you’ll use the “mod privileges” to lash out like a street thug.

Anyway, as @Owaiz has also pointed out BD doesn’t have the backward and forward linkage to process the gunge that is left over. Which reduces the viability even more.

He has also supported my assertion that it won’t lead to much (if any) forex savings once you factor in cost of crude, cost of refining, loans.

And you cannot tripple capacity of anything and still call it brownfield.

That’s just unhinged thinking.

It absolutely is a brownfield project.

When Chevron undertook Bibiyana expansion project, it increased gas production capacity in Bangladesh from 300 million cubic feet per day to 1.4 billion cubic feet per day. That's almost 5 times, and it was still considered a brownfield project. It was an expansion, not a new greenfield investment. You may have an opinion about it being a greenfield project because of the magnitude, but that's what it is, an opinion.

Chevron Announces First Gas from Bangladesh Bibiyana Expansion Project | Chevron Corporation

But you go chicken out as always do. Because you do not have the decency to admit you are wrong after making a baseless claim.

 

[LeonBlack08]

They were looking for one for 17 years. And guess how many was there?

None. Nada. Zero.

Were they really looking though? Under Hasina?

 

[BananaRepublic]

It absolutely is a brownfield project.

When Chevron undertook Bibiyana expansion project, it increased gas production capacity in Bangladesh from 300 million cubic feet per day to 1.4 billion cubic feet per day. That's almost 5 times, and it was still considered a brownfield project. It was an expansion, not a new greenfield investment. You may have an opinion about it being a greenfield project because of the magnitude, but that's what it is, an opinion.

Chevron Announces First Gas from Bangladesh Bibiyana Expansion Project | Chevron Corporation

But you go chicken out as always do. Because you do not have the decency to admit you are wrong after making a baseless claim.

You are the coward when you lose an argument you just thread ban them. Like you just did on the military alliance thread.

What a coward!!!

 

[LeonBlack08]

You are the coward when you lose an argument you just thread ban them. Like you just did on the military alliance thread.

What a coward!!!

You got thread banned by @Musings in the other thread.

But now I am going to give you point for abusing mods. I am well within the forum rules to do so. I will keep your post up too, so that everyone can see the liar that you really are.

 

[Musings]

You are the coward when you lose an argument you just thread ban them. Like you just did on the military alliance thread.

What a coward!!!

I thread banned you for being a fool. You confirmed the right decision was made

 

[AbuShalehRumi]

Thread was doing fine until pointless discussion initiated by anti Bangladesh agents also known as hindustani dalals, sponsored by our so called friendly neighbor who is definitely going to lose lucrative business opportunities because of this refinery expansion project. Hence the whining by the dalals.
.
This project is about our sovereign capability. Every foul logic peddled by dalals here are just laughable. Especially when they try to sell us petroleum industry as a old and dieing. The desperation! lol...
.
Suddenly these dalals are very concerned about environment! They were cheering Rampal coal power plant as development even when absconding fascist BAL and india built it very close to Sundarban ignoring environmentalists.
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Suddenly these dalals are very concerned about financing of this project by IsDBs 5.45% profit rate! But, they were cheering Padma Bridge as development when absconding fascist BAL built it using 8% interest rate short maturity local loan/bonds. Triggering dollar market crisis and massive inflation.
.
Anyways, these dalals should come with logical arguments with proper sources instead of mouth farts.

 

[Al-Zakir]

$1 billion deal signed with IDB for Eastern Refinery expansion


3 Sep 26, 7:55


A nearly $1 billion financing agreement has been signed between Bangladesh and the Islamic Development Bank (IsDB) Group for the modernisation and expansion of the Eastern Refinery. The agreement was signed at the Bangladesh Secretariat on Thursday, September 3, in the presence of Prime Minister Tarique Rahman and IsDB Group Chairman Dr Muhammad Al Jasser.

The agreement was signed on behalf of the Bangladesh government by Dr Md Mizanur Rahman, additional secretary of the Economic Relations Division under the Ministry of Finance, and on behalf of the IsDB Group by Anasse Aisami, director general (Country Programmes) of the organisation .

The event was attended by Finance and Planning Minister Amir Khosru Mahmud Chowdhury, Finance and Planning Adviser Rashed Al Mahmud Titumir, Power, Energy and Mineral Resources State Minister Anindya Islam Amit, and State Minister for Foreign Affairs Humayun Kabir, along with senior officials from various government ministries and departments . Senior officials of the IsDB Group were also present.

Upon implementation, the project will add an annual refining capacity of 3 million metric tonnes of crude oil at the Eastern Refinery, enabling it to meet approximately 45 to 50 percent of the country's demand for petroleum products . The project is planned for completion by November 2030 .

Following the signing ceremony, IsDB Group Chairman Dr Muhammad Al Jasser paid a courtesy call on Prime Minister Tarique Rahman at the Prime Minister's Office. Their discussions covered the longstanding development partnership between Bangladesh and the IsDB, economic development, and expanding cooperation in investment and infrastructure sectors .

$1 billion deal signed with IDB for Eastern Refinery expansion

A nearly $1 billion financing agreement has been signed between Bangladesh and the Islamic Development Bank (IsDB) Group for the modernisation and exp

viewsbangladesh.com

 

[Arthur]

Were they really looking though? Under Hasina?

Nope. That was a complete hogwash. They put this in backburner in favour of importing from their "home country".

 

[GatlingGunZ]

Most important point in whole main post of thread starter is missing . Technically sharia means it will have zero interest, but here IDB will take chunk from profit. .What is the revenue sharing model, how much controlling stakes BD will have in project?

Anyone wanna chip in with information of revenue sharing model ?