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Chevron to sell Bangladesh operations

Oil giant Chevron has announced it will be selling its Bangladesh operations. In a statement issued on Monday, Chevron said it had ‘entered into an agreement’ to sell its wholly owned subsidiaries in Bangladesh to Chinese company Himalaya Energy Co Ltd. “Closing of the transaction is subject to the satisfaction of certain closing conditions,” it […]

The International Finance Corporation (IFC), a sister concern of the World Bank, will invest US$1 billion in Bangladesh in next two years, said Finance Minister AMA Muhith. Emerging from a meeting with IFC Chief Executive Officer Philippe Le Houerou, Minister Muhith informed this to reporters at Washington yesterday, reports our staff correspondent. The organisation is […]

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Clearly, the Indian government does not want this kind of conflict to continue at the border, but the BSF continues to go its own way Once again, the BSF is out of line. The latest casualty at the Indo-Bangladesh border is Saidul Islam, and is certainly not the first such incident. It is a matter […]

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In an effort to revive the party’s fortunes before the next parliament polls, the BNP has designated 51 leaders of its central body to travel across the country to revamp its organisation. These leaders will be heading as many teams to cover every corner of the country, senior leader Ruhul Kabir Rizvi told the media […]

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Bangladesh has experienced the highest rainfall in April in 35 years, according to the Met office statistics. In first three weeks of the month, nearly 8,904 mm of rain has been recorded against the April average of 4,053 mm. “Some 10,000 mm of rainfall was recorded in April in 1981,” an official in weather office […]

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Amid Scramble for Influence, China Scoops Up Chevron’s Gas Fields in Bangladesh By Bethany Allen-EbrahimianBethany Allen-Ebrahimian is an assistant editor at Foreign Policy. She spent four years in China before joining Foreign Policy and holds a master’s degree in East Asian studies from Yale University. China looks set to make its first big energy move […]

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