Cancellation of PSC with US company demanded
Speakers at a discussion yesterday demanded immediate cancellation of the production-sharing contract (PSC) with US-based oil company ConocoPhillips for gas exploration in the Bay of Bengal.
Terming the contract as against national interest, they said if the contract is implemented, other contracts over gas blocks would also be done in the same way in future.
The National Committee to Protect Oil, Gas, Mineral Resources, Power, and Ports organised the discussion titled "Why the oil-gas contract of the Bay of Bengal with ConocoPhillips is against national interest?" at Mukti Bhaban in the city.
The government on June 16 inked the deal with ConocoPhillips for exploring oil and gas from two deep-sea blocks in the Bay.
Dhaka University economist MM Akash in his keynote paper said the contract has kept all scopes for ConocoPhillips to export gas.
Eng Sheikh Muhammad Shahidullah, the committee convener who presided over the discussion, said the country's asset is being given to foreign companies.
Prof Anu Muhammad, Prof Akmal Hossain, Nur Mohammad, Eng Enamul Haque, Abu Sayeed Khan, and Prof Nasima Akter also spoke.
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