{"id":360431,"date":"2020-07-01T10:42:12","date_gmt":"2020-07-01T05:12:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360431"},"modified":"2020-07-01T11:05:49","modified_gmt":"2020-07-01T05:35:49","slug":"india-bangladesh-form-lpg-joint-venture","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-bangladesh-form-lpg-joint-venture\/","title":{"rendered":"India-Bangladesh form LPG joint venture"},"content":{"rendered":"<p>NEW DELHI: New Delhi: Indian Oil CorpNSE -0.82 % has agreed to form an equal joint venture with Bangladesh\u2019s Beximco LPG to set up a terminal to import liquefied petroleum gas in Bangladesh.<\/p>\n<p>Indian Oil\u2019s Dubai unit IOC Middle East FZE and Beximco\u2019s holding company RR Holdings Ltd, Ras Al Khaimah, UAE have signed an agreement for LPG business in Bangladesh, as per a statement by Indian Oil.<\/p>\n<p>The joint venture would begin with acquiring Beximco\u2019s existing LPG assets in Bangladesh. \u201cWe intend to set up a large LPG terminal at a deep-water port in Bangladesh, which would facilitate receipt of LPG in Very Large Gas Carriers, leading to reduction in cost of imports. Reduction in cost of import would help make LPG available at an affordable price to the people of Bangladesh,\u201d said Sanjiv Singh, Chairman, Indian Oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: New Delhi: Indian Oil CorpNSE -0.82 % has agreed to form an equal joint venture with Bangladesh\u2019s Beximco LPG to set up a terminal to import liquefied petroleum gas in Bangladesh. Indian Oil\u2019s Dubai unit IOC Middle East FZE and Beximco\u2019s holding company RR Holdings Ltd, Ras Al Khaimah, UAE have signed an agreement for LPG business in Bangladesh, as per a statement by Indian Oil. The joint venture would begin with acquiring Beximco\u2019s existing LPG assets in Bangladesh. \u201cWe intend to set up a large LPG terminal at a deep-water port in Bangladesh, which would facilitate receipt [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-360431","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360431"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360431\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}