DHAKA, Mar 31 (V7N) — State Minister for Foreign Affairs Shama Obaid has assured that Bangladesh is not currently facing an energy crisis, despite growing global volatility. Speaking at a briefing at the Ministry of Foreign Affairs on Tuesday afternoon, she emphasized that the government is proactive in its diplomatic outreach to secure long-term energy stability.

The State Minister noted that while domestic fuel stocks remain sufficient, the Ministry is conducting high-level talks with several nations, including the United States, Russia, and Saudi Arabia, to diversify import channels. This move is designed to insulate the national economy from the ongoing impacts of the Middle East conflict and shifting international sanctions.

Key Diplomatic and Supply Updates:

  • Current Imports: Bangladesh has already commenced energy imports from Malaysia, Indonesia, and India to maintain steady reserves.

  • Russian Energy & US Sanctions: Regarding potential imports from Russia, the State Minister acknowledged that U.S. sanctions present procedural hurdles. However, she confirmed that Dhaka is engaged in diplomatic discussions to navigate these restrictions, pointing to recent "temporary waivers" granted to other regional neighbors as a precedent.

  • Strategic Diversification: Under the direct supervision of Prime Minister Tarique Rahman, the Ministry is exploring alternative sources beyond traditional Middle Eastern suppliers to ensure the country remains resilient against global energy shocks.

Minister Obaid’s briefing follows reports of "panic buying" at local filling stations, which she attributed to artificial pressure created by hoarding and rumors of price hikes. She reiterated that several fuel consignments are scheduled to arrive throughout April from partner countries, which should further stabilize the domestic market.

The government’s strategy involves a dual-track approach: addressing immediate logistical bottlenecks while finalizing long-term supply agreements with both Western and Eastern energy giants.

END/SMA/AJ