Bangladesh woos Qatar to invest in offshore blocks
Bangladesh is looking to the active participation of Qatar in its upcoming offshore blocks bidding. The country’s Minister urged Qatar to explore the investment opportunities in Bangladesh’s huge potential in offshore oil and gas blocks. Bangladesh has 22 oil and gas blocks in the Bay of Bengal. Of these, tenders have been awarded to five and Qatar can play a big role in the explorations in the remaining blocks, Mohammad Shahriar Alam, State Minister, Ministry of Foreign Affairs, Bangladesh said. Bangladesh is looking for $60bn worth of foreign investments by 2041 to develop the country’s energy, power and petroleum products sectors.