News & Comment Hasina Grants India Two Offshore Blocks in the Bay of Bengal and is Plotting to Give Away More of Ummah's Resources
- Published in News & Comment
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News On February 17, 2014, Bangladeshi state-owned Petrobangla signed two production sharing contracts (PSC) with the Indian state-owned ONGC Videsh Ltd and Oil India Ltd for hydrocarbon exploration in two offshore blocks in the Bay of Bengal. Under the contracts, the Indian companies would also have rights to explore an already discovered offshore gas field near Kutubdia beyond their allocated blocks. The contractors will be allowed to operate and sell…
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