Dhaka, Aug. 6 -- Bangladesh stands to lose around US$42 million to a breakaway foreign oil-and-gas company following an international-court verdict on a dispute over payment for gas-well drilling.

The Singapore International Arbitration Centre (SIAC) in its 'partial final verdict' has asked state-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) to make the payment in favour of the Azerbaijan-based firm, Socar AQS LLC, BAPEX managing director Md Fazlul Haque told The Financial Express Tuesday.

"BAPEX will file an appeal against the SIAC verdict soon," he said about their plan for overturning the order passed following hearings from both BAPEX and Socar.

If the SIAC keeps its verdict unchanged in its final verdict,...