The energy ministry informed a CCP meeting yesterday that the amount required for purchasing the petroleum products will be paid by a loan from the Islamic Development Bank and a budgetary allocation of the Bangladesh Petroleum Corporation's (BPC).

According to the BPC, the 11lakh tonnes of largely crude oil, being purchased from the two Middle Eastern countries, are part of the demand for 37 lakh tonnes of petroleum products in Bangladesh in the year 2007.

The CCP meeting, chaired by Md Fazlul Haque, adviser for law, justice and parliamentary affairs to the caretaker government, reached decisions on a number of other purchase orders.

The decisions include extending the contract of German consultancy group Detacon International GmbH by another six months to oversee the reconstitution of Bangladesh Telegraph and Telephone Board.

Another proposal was approved to hire a consultancy firm to assist in the design for the water management in the south-western region of the country.