PM Tarique says Bangladesh is increasingly looking to the lender and its affiliates as reliable sources of development financing

Second unit is expected to double refining capacity

Bangladesh’s sole state-owned refinery is operating on critically low crude reserves, raising the prospect of a temporary halt in operations within days, even as shipments await movement through disrupted regional supply lines.

The country has to regularly import diesel because of its inadequate oil refinery and storage facilities that have not been upgraded since 1968.