bangladesh-web.com: Shell Lube back in Bangladesh
Saturday May 21 2005
Shell Lubricants made a comeback re-launching its products in Dhaka on Thursday, four years after the Dutch oil giant left Bangladesh.
Ranks Petroleum Ltd, a concern of Rangs Group, will market Shell lube oils, which were earlier marketed by the Padma Oil Company, a subsidiary of the Bangladesh Petroleum Corporation.
Ranks was appointed sole distributor for Shell lubricant products in September 2004.
The state minister for energy and mineral resources, AKM Mosharraf Hossain, launched the Shell products at a function at the Hotel Sheraton Dhaka.
He hailed the oil giant for returning to Bangladesh. ‘I hope Shell will consider blending lubricant products alongside marketing.’
Mosharraf also called upon the Dutch energy giant to participate in gas exploration when the government would open the offshore blocks in the Bay of Bengal.
Private sector participation in the petroleum market will ensure quality of products, reduce corruption and create a competitive environment, he said.
Terming Bangladesh a key market for lubricant products, the general manager of Shell Middle East, Qeutin Freddie D’ Silva, said they thought that it would be wise to be back in Bangladesh as the demand of lubricants is high here.
‘Shell will be the market leader by two years,’ he hoped.
New Age
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