Comitted to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 125 Sun. September 28, 2003  
   
Business


Norway pledges energy sector assistance


The Norwegian government will provide technical and financial assistance for Bangladesh's energy-sector development to help the country exploit its potential natural wealth.

Officials here said the assurance came when State Minister for Energy and Mineral Resources AKM Mosharraf Hossain met his Norwegian counterpart, Einar Steensaess, in Oslo on Friday.

The meeting was part of the minister's four-day official visit to Norway from September 23.

In the meeting, Mosharraf Hossain praised the assistance provided by Norway in Bangladesh's energy sector. In response, the Norwegian minister assured him of more cooperation.

The Norwegian Petroleum Directorate (NPD) is actively associated with Bangladesh's Hydrocarbon Unit (HCU) in carrying out different studies.

Mosharraf Hossain also informed his counterpart of the ongoing reforms in the sector, such as establishment of Energy Regulatory Commission, new pricing policy and empowering Petrobangla companies with autonomy.

The Bangladesh minister mentioned that Norway could assist Bangladesh in areas like further strengthening the HCU future activities, strengthening ERC and Bangladesh Petroleum Institute and providing technical and financial support to the BAPEX.