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The Ministry of Power, Energy and Mineral Resources issued a gazette notification on the "Establishment of Refineries at Private Level, Storage, Processing, Transportation and Marketing of Crude Oil Imported Policy-2023" on November 20.
Private energy importers suffered a lot in 2022 alongside government organisations.
Near term challenges don’t define long term potential
Jet fuel plant operation: Partex Petro Ltd, an oil refinery, has started production and marketing of aviation fuel, becoming the first company in Bangladesh to manufacture the finished product for the growing air transport market.