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Energy Division looks for additional loans to pay petroleum, gas, LNG dues

The Energy and Mineral Resources Division is set to acquire an additional $900 million in loans from the International Islamic Trade Finance Corporation, which has already approved a $1.4 billion loan to the Bangladesh Petroleum Corporation (BPC), to settle crude oil import bills for fiscal 2023-24. In an unprecedented move, the Bangladesh Oil, Gas and Mineral Resources
Altaf Hossain Kazi Mohammad Mozammel Hoque Mineral Resources Division International Islamic Trade Finance Corporation Islamic Trade Finance Corporation Oman Trading International

Vitol Power Unit Under UK Scrutiny After Profit Rose 2,600%

(Bloomberg) -- The British power generation unit of Vitol Group saw a 27-fold increase in profits last year as prices soared and its traders employed controversial tactics that are now facing regulatory clampdown.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader V...
United Kingdom Bloomberg Businessweek Russell Hardy Kwasi Kwarteng Vitol Group Holding Ltd
Source: yahoo.com

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