Bangladesh, April 2 -- Eastern Refinery PLC, the country's only state-owned oil refinery, is facing the risk of halting operations due to a severe shortage of crude oil caused by disruptions in global supply.
The situation has emerged after Bangladesh received no crude oil shipments throughout March, largely due to ongoing instability in the Middle East, raising concerns over the continuity of refinery operations.
Officials at Eastern Refinery warned that, unless fresh supplies arrive soon, operations may have to be suspended within the next four to five days. Several officials involved in day-to-day operations said the refinery is currently running on its last reserves, increasing the likelihood of a production halt as early as next week...