Chevron plans to invest in new gas exploration in Bangladesh to enhance the country’s energy security. During a meeting with Chief Adviser Muhammad Yunus, Chevron officials expressed satisfaction with the interim government’s efforts to clear arrears worth hundreds of millions of dollars, which had been stalled under the previous government. Chevron Vice President Frank Cassulo highlighted the growing gas demand and improved business outlook as motivations for new drilling operations in northeastern Bangladesh. Yunus welcomed Chevron’s decision and emphasized the interim government’s commitment to improving gas supplies and attracting foreign direct investment. The government also praised Chevron’s corporate social responsibility initiatives. Lutfey Siddiqi, special envoy of the chief adviser, confirmed the government’s commitment to clearing Chevron’s dues by April next year.
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