Bangladesh, July 20 -- The government has ruled out organising overseas roadshows to promote Bangladesh's offshore licensing round, saying it will instead engage directly with international energy companies while pursuing a lower-cost approach to attracting investment.

Advertisement "I have no plan to arrange such overseas roadshows for the offshore bidding round. That was an Awami League-style practice that misused public money," Minister for Power, Energy and Mineral Resources Iqbal Hasan Mahmood told The Financial Express on Sunday.

He said roadshows were not an appropriate use of resources for a developing country like Bangladesh.

"Instead, I will speak directly with the top executives of potential international oil companies (IOC...