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 Magazines1 month ago
OER, April 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables3 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
News2 months ago
Oman Signs Historic Agreement to Establish World’s First Liquid Hydrogen Corridor to Europe
-
Renewables1 month ago
Sembcorp’s 588MW Solar Power Plant In Oman Begins Commercial Operation
-
Banking & Finance2 months ago
How Bank Muscat is Pioneering Digital Solutions to Empower Customers
-
Banking & Finance1 month ago
How is National Bank of Oman Working Towards Creating a Robust Fintech Ecosystem?
-
Leaders Speak4 weeks ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
You must be logged in to post a comment Login