Chevron Bangladesh has recently received its outstanding payments from the state-owned Petrobangla.
鈥榃e have received our entire outstanding bills from the government in recent weeks,鈥� an official of the United States company said.
The company also issued an official statement, saying, 鈥榃e greatly appreciate the efforts of the interim government, the energy ministry, and Petrobangla to resolve this issue.鈥�
It added that the outcome sends a positive signal to both existing and potential investors. 鈥榃e have been a partner in ensuring Bangladesh鈥檚 energy security and driving economic progress for 30 years, and we look forward to continuing the journey together.鈥�
Environment adviser Syeda Rizwana Hasan had recently indicated the government鈥檚 commitment to clearing dues in the energy sector.
Speaking at an event on renewable energy, she said that the government had paid foreign companies鈥攎arking a strong sign of its efficiency.
鈥楾he drastic reduction of foreign loans for the power sector鈥攆rom 3.2 billion dollars to 800 million dollars in just seven months鈥攕ends a clear message that change is possible, provided there is political will,鈥� she said.
Earlier in March, energy adviser Fouzul Kabir Khan had announced that the government would clear all dues owed to foreign companies within two months.
Chevron Bangladesh, a subsidiary of California-based Chevron USA, has been producing around 50 per cent of the country鈥檚 natural gas through its three fields in the Sylhet region鈥擝ibiyana, Moulvibazar, and Jalalabad.