Oil & Gas Aramco explores building oil refinery in Bangladesh By Pramod Kumar January 6, 2025, 11:34 AM Reuters/Ahmed Jadallah Aramco's Ras Tanura oil refinery and terminal. A proposed refinery in Bangladesh would meet local demand and serve regional markets Saudi Aramco is willing to build an oil refinery in Bangladesh to address local and regional demand, according to an official news report. The proposed refinery is expected to meet Dhaka’s growing demand for petroleum products while serving regional markets such as China and India, state-run BSS news agency reported citing Saudi envoy Essa Al Duhailan. Despite a high-level Aramco delegation visiting Bangladesh thrice between 2016 and 2018, there were no developments on the investment front. Al Duhailan said a potential maritime link between Chattogram and Saudi port cities such as Jeddah or Dammam could bring “transformative changes” to Bangladesh and the region. Something old, something new: GCC energy trends in 2025 Remittances from UAE to Bangladesh surge 48% Saudi port operator to develop Bangladesh terminal He said that the kingdom’s Red Sea Gateway Terminal, which is operating the Patenga terminal, is open to manage Bangladesh’s Matarbari deep-sea port. Additionally, Saudi renewables company Acwa Power was planning to invest $3.5 billion in Bangladesh, Al Duhailan said, adding that reform of government procedures was key to attracting investments. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
