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Posts Tagged ‘exploration’

Action than Words

Sunday, October 11th, 2009 by alexh51

The recent comments by the Prime Minister of Bangladesh Sheikh Hasina made us optimistic about a solution for our Energy Crisis and leadership. In her question answer session PM in clear terms stated her government’s commitment to explore and exploit offshore petroleum resources to fuel economic growth ignoring any and all opposition. At this junction of this countries history Bangladesh needs a leader who can be bully and fight for progress and economic emancipation and not some witch hunting against the past Caretaker Government officials or killing (71 war trial should go on). Enough is enough and its about time the country looks to the future, towards economic development.

The recent news about the administration depicts a sad story. She presides over an administration whose day-to-day functioning has become part-travesty, part-tragedy, wasteful, blind, vain, petty, where even the best intentioned persons are disillusioned. Crime, Mugging, Hijacking by AL party activists are rising alarmingly. Interestingly Bangladesh longs for a Prime Minister who is more bully and less pulpit. The people will not wait for long and the patience of the people will run out, if there is not much tangible results. The other political parties and politicians will also take advantage of this situation and foment crisis as AL did. As of this moment, the country needs Action than Words.

Bangladesh grants right to Conoco Phillips for gas Exploration

Wednesday, August 26th, 2009 by alexh51

It is a good news that finally Bangladesh awarded the much anticipated oil and gas exploration right to ConocoPhillips and Ireland’s Tullow company. However the right to exploration is restricted to only two areas for each company and can not run into the disputed areas that was also claimed by India and Myanmar. While Bangladesh is playing nice and friendly to its neighbors, India and Myanmar is encroaching large swath of areas in the Bay of Bengal that belongs to Bangladesh territory and exploring gas and oil. According to the UN convention Bangladesh has the first right to any natural gas and mineral found on its territory. But India and Myanmar already got more than 100 trillion Cubit feet of gas and not sharing with Bangladesh which is a gross violation of UN act.

India recently submitted its claim to maritime areas while the Bangladeshi officials are sleeping. If India gets its claim heard before Bangladesh, there is a chance that Bangladesh will loose valuable maritime areas that holds rich deposits of minerals. Bangladesh needs to move fast to claim its territory and claim its boundary to safeguard its sovereign rights.