Press briefing of Cabinet Decision taken on 2023-10-30

Term Contract for the procurement of 03 shipments of Crude Oil during the period from 2024-01-15 to 2024-06-14

- Bids have been invited to award a term contract for the purchase of 03 shipments of Crude Oil during the period from 2024.01.15 to 2024.06.14 under the 100% Ex. Storage Modality payment and two bids have been received for the same. Accordingly, the proposal made by the Minister of Power and Energy to award the relevant procurement to M/s. Vitol Asia Pte. Ltd., Singapore, based on the recommendation of the Special Standing Cabinet Appointed Procurement Committee on the said bids, was approved by the Cabinet.