Latest updates

Regulatory Commission Bill Arouses Suspicion
  • Energy & Natural Resources
  • Bangladesh
  • March 31 2003

The Energy Regulatory Commission Bill 2003 proposes the formation of an independent energy regulatory commission. While the government claims that the bill is a revolutionary step in reforming the energy sector, the opposition Awami League suspects a gas export plan.

Unocal Rejects Petrobangla Compensation Claim
  • Energy & Natural Resources
  • Bangladesh
  • September 09 2002

Unocal has rejected Petrobangla’s compensation claim for the Magurchhara explosion. Unocal argues that the matter was resolved through the signing of a supplementary agreement, which allows Petrobangla an additional 5% share for gas discovered in certain blocks. Now the matter seems set to proceed to litigation.

Consultant Pours Oil on Troubled Waters
  • Energy & Natural Resources
  • Bangladesh
  • June 24 2002

An international consultant recently provided his eagerly awaited opinion on the continuing dispute between Petrobangla and Shell Oil.

Petrobangla Finalizes Magurchhara Explosion Claim
  • Energy & Natural Resources
  • Bangladesh
  • May 13 2002

National oil company Petrobangla is submitting a compensation claim of approximately $600 million to US oil company Unocal over the Magurchhara gas explosion of 1997.

Privatization Commission is Armed with New Law
  • Corporate Finance/M&A
  • Bangladesh
  • February 20 2002

The Privatization Commission has listed and endorsed 71 state owned enterprises that are available for private ownership. The commission's recent meeting also approved a draft policy indicating the course of future privatizations.

Energy Companies Association Opens for Business
  • Energy & Natural Resources
  • Bangladesh
  • October 29 2001

The Bangladesh Energy Companies Association brings together companies and other business entities that are involved in the extraction, transmission and distribution of natural gas, petroleum and related products, as well as the generation and distribution of electricity.

New Government Investigates Predecessor's Power Projects
  • Energy & Natural Resources
  • Bangladesh
  • October 29 2001

Bangladesh's newly elected government estimates that around $100 million could have been saved by its predecessor if certain public sector power projects had been properly negotiated. A thorough review will be underway soon.

Commission Introduces Depositories Regulations
  • Corporate Finance/M&A
  • Bangladesh
  • March 07 2001

New regulations have been introduced by the Securities and Exchange Commission according to which the commission will issue certificates for companies to perform depository business.

Round-Up of Recent Acquisitions
  • Corporate Finance/M&A
  • Bangladesh
  • February 28 2001

Recent acquisitions concern the Standard Chartered Bank, Scotia Bank and the country's first locally owned private fuel company.

Natural Gas to be Exported
  • Energy & Natural Resources
  • Bangladesh
  • October 02 2000

The government has declared its willingness to begin exporting natural gas and is reviewing its existing policy for small power plants.

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