Bangladesh Signs Two More SPAs

Bangladesh’s PetroBangla is awaiting government approval of its sales and purchase agreements (SPA) with Swiss-based AOT Energy and Oman’s state-owned Oman Trading International (OTI).

The SPA with AOT Energy is for 1.25 MMt/y and OTI’s deal is for 1 MMt/y, both for 15 years on a delivered basis. Both deals are at the initial SPA stages and awaiting approval from the country’s cabinet, which should come in the next few months.

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