BPC dips into project funds for oil imports
Dhaka, Sept. 30 -- Bangladesh Petroleum Corporation has drawn down Tk 195 billion from project allocations, including funds for Eastern Refinery Unit-2, to sustain fuel imports amid supply disruptions arising from the conflict in West Asia.
The disclosure came in a working paper prepared by BPC for the first meeting of parliament's public undertakings committee on Tuesday.
The paper said BPC incurred losses of around Tk 228.76 billion between March and August while keeping domestic fuel supplies uninterrupted.
It added that the corporation had tapped project funds to maintain imports over the past seven months.
This has raised questions over whether the projects whose funds were tapped will see their work affected.
But BPC Chairman R...
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