Oil & Gas
OTI signs pacts with Petrobangla to supply LNG

Oman Trading International Limited (OTI) has signed a 10-year agreement with Petrobangla, the government-owned oil company of Bangladesh, to supply liquefied natural gas (LNG) to Bangladesh.
OTI will supply a base volume of one million metric tonnes a year after the completion of the first two LNG import terminals currently being constructed in Bangladesh.
“This marks an important milestone in the relationship between Oman and Bangladesh. OTI supplies other petroleum products to Bangladesh and we are pleased to sign this strategic long-term supply agreement. We also look forward to expanding our footprint in Bangladesh’s growing market,” said Talal al Awfi, CEO of OTI.
In addition to trading crude, petroleum products and chemicals, OTI commenced its LNG trading business in 2016.
“OTI is keen to collaborate with governments and partners who have a strategic and cultural fit with us in order to expand our LNG business globally. Bangladesh is an important market for OTI and we are pleased to have Petrobangla as a strategic partner in the LNG sector,” stated Said Al Maawali, VP LNG & Business Development.
Oman Trading International was established in 2006 and has grown from modest beginnings into a global player — trading 20 million tonnes of energy products a year. As a subsidiary of Oman Oil Company (OOC), OTI acts as the commercial arm for all supply and off take of refined products for the Sultanate.
-
OER Magazines2 months ago
OER, February 25
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, February 2025
-
Economy1 month ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
Banking & Finance2 months ago
Sohar International Appoints Abdul Wahid Mohamed Al Murshidi as Chief Executive Officer
-
News2 months ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
News2 months ago
Oman Explores Semiconductor & EV Investments with EONH Private Holdings & Jetour Global
-
News1 month ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
Food & Dining2 months ago
Al-Futtaim IKEA’s Iftar Buffet Is Back, Offering Classic Comfort and Bold New Tastes
You must be logged in to post a comment Login