Joint venture to fund Bangladeshi refinery expansion

By OGJ editors
HOUSTON, Aug. 31
-- A Saudi investment group has joined a Bangladeshi industrial conglomerate to invest nearly $1 billion in an expansion of Bangladesh’s only refinery.

The Marasel Co. of Saudi Arabia and Beximco of Bangladesh have set up a JV to fund a tripling of capacity of the 33,000 b/d Eastern Refinery Ltd. facility at the port of Chittagong, according to press reports.

Bangladesh Petroleum Corp. has solicited expressions of interest in the project, which would include installation of a single-point mooring and pipeline. The refinery fills about 40% of the country’s demand for oil products.

In addition to crude and vacuum distillation capacity, the refinery has these processing capacities, 10,000 b/d visbreaking, 1,800 b/d catalytic reforming, 1,200 b/d mild cat hydrocracking for distillate upgrading, and 2,000 b/d cat hydrotreating for reformer feed (OGJ, Dec. 21, 2009, p. 46).

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs