Oil production in 2013 was 4,500 bbl/d against a demand of 119,000 bbl/d. The downstream sector in Bangladesh remains relatively under-developed. Petrobangla is the principal energy company in Bangladesh. Its subsidiary, the Bangladesh Petroleum Exploration Company (BAPEX), is responsible for exploration activities.
What is the main oil crop in Bangladesh?
Although mustard is the principal oil crop in Bangladesh but its cultivation is very neglected. Moreover the yield of mustard is low in Bangladesh as compared to other countries of the world.
What are the prospects of edible oil and soybean crush industry in Bangladesh?
Prospects of Edible Oil and Soybean Crush Industry in Bangladesh LightCastle Analytics Wing March 9, 2022 Bangladesh is one of the most prosperous countries in Asia and is expected to become the 26th largest economy in the world by 2030 .
Why are soybean meal prices so high in Bangladesh?
As crush plants in Bangladesh are yet to operate in full capacity, domestic soybean meal prices are generally sold at a high price to cover production costs. Domestic soybean meal price is often higher than imported ones by USD 34 per metric tonne on average .