Bangladesh Oil, Gas and Mineral Corporation Bill 2022 passed in JS

DHAKA, 03 November 2022, (TON): The Bangladesh Oil, Gas and Mineral Corporation Bill 2022 was passed in Parliament to expedite exploration of oil, gas and mineral resources in the country.

The new law will replace the Bangladesh Oil, Gas and Mineral Corporation Ordinance, 1985 that is declared void by the court as it was promulgated during the regime of a military dictator.

State minister for power, energy and mineral resources Nasrul Hamid moved the bill and it was passed by voice vote.

As per the Bill, a Corporation will be established titled the Bangladesh Oil, Gas and Mineral Corporation for carrying out the purposes of this Bill. The Corporation may also be called PETROBANGLA.

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