Want to import petroleum at lower price from Saudi Arabia: Nasrul Hamid

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said Bangladesh wants to import petroleum from Saudi Arabia at a relatively lower price.

He conveyed such interest when Saudi Arabia's Ambassador to Bangladesh Issa bin Youssef Al-Dahilan met him at his office in the ministry today (November 10, 2022).

"We are also interested in purchasing the fuel on deferred payment," he told the Saudi envoy.

During the meeting, they discussed various issues related to mutual interest and also possible solutions to the energy crisis in Bangladesh.

While welcoming the Saudi ambassador, the state minister said Bangladesh wants to strengthen trade relations with the brotherly nation.

The Saudi ambassador said the interest of Saudi companies in investing in the power and energy sector in Bangladesh is growing.

ACWA Power Company of Saudi Arabia is moving ahead with a plan to invest $1.5 billion in Bangladesh, he mentioned.