Dhaka, Monday, Jun 01, 2026
Bangladesh is likely to explore Latin American countries as new source of energy as part of reducing high dependence on the Gulf countries to ensure energy security in the country, sources said.Currently, Saudi Arabia, UAE, Qatar, Kuwait, and Oman are the major exporters of petroleum products to Bangladesh, primarily through government-to-government (G2G) deals. The government is also considering expanding Eastern Refinery Limited (ERL) to reduce reliance on imported refined fuel.Diplomatic sources said that Bangladesh has also deeply considering to tap some South American counties to procure energy.Energy expert Professor Dr Ijaz Hossain, former dean of engineering at Bangladesh University of Engineering and Technology (BUET), while talking to this correspondent said as the world is going through mid and long term, Bangladesh should explore new market to ensure energy security reducing the traditional markets. He said that African and Latin American countries to be tapped as new sources of energy. ...
