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Bangladesh inks gasoil import deal with India

DHAKA / Reuters Bangladesh signed a long-term sales and purchase agreement with an Indian refiner to import gasoil to meet the country’s energy demand, officials said. The deal between Bangladesh Petroleum Corp (BPC) and Numaligarh Refinery Limited (NRL) was signed in presence of India’s External Affairs Minister Sushma Swaraj, who arrived in Dhaka on Sunday on a two-day visit to ...

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US drillers see Mexico as next Panama Canal for fuel transport

Bloomberg Since the first shale gas export terminal opened in Louisiana last year, America’s drillers have seen at least 75 cargoes of their fuel sail through the Panama Canal bound for markets in Asia. Now they’re looking for a cheaper and quicker route. And they’ve turned to Mexico for help. Aldo Flores, Mexico’s deputy energy secretary, said that the government’s ...

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Auto suppliers buoyed by report Tesla to fully own China plant

Bloomberg Auto-parts suppliers shares jumped in Asian trading after Wall Street Journal reported that Tesla Inc. reached an agreement with Shanghai’s government to build a fully owned manufacturing facility in the city’s free trade zone. “As far as I know, there is no such agreement,” Guo Lei, an official at Shanghai’s Economy and Information Technology Commission who is in charge ...

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