Nasrul Hamid: Govt committed to ensure energy security in the country

State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Wednesday said that the government is committed to ensure energy security in the country.

“The overall price of oil and gas has increased in the global context so it is very difficult to maintain energy security. But efforts are underway to ensure energy security,” he said this while witnessing a signing ceremony of a $2.1 billion support agreement of the Energy Division with International Islamic Trade Finance Corporation (ITFC) at his ministry in the capital. 

Energy and Mineral Resources division secretary Md Nurul Alam and ITFC, Saudi Arabia chief operation officer Nazeem Noordali signed the agreement on behalf of their respective sides.

The state minister said that efforts are going on to seek cooperation from oil and gas enriched countries along with increasing domestic natural gas and oil exploration and extraction activities.

He said that the ITFC has been cooperating with the government in oil import for a long time, adding, “Now it will cooperate for purchasing of gas as well as oil. Gas can be purchased with about $500 million, which will help a lot in solving the crisis in future.”

The heads of the respective division among others were present at the signing ceremony.