Monday, December 12, 2005

Energy: US company to invest $2.5 billion in Bangladesh

U.S. based WG Petroleum LLC, is to invest $2.5 billion in Bangladesh for development of gas and refinery projects in northeastern Sylhet and refinery units in southeastern Chittagong.

According to local daily New Age, a memorandum of understanding has been signed between the multinational WG Petroleum and Madina Gas Company of Bangladesh.