‘Bangladesh holds largest oil, gas reserves in Asia Pacific’

[Homo Sapiens]

They are not going to risk that over an LDC swamp we have surrounded on all sides.

Why do they risk for BD? They will reclaim the land they coveted for.It has nothing to do with solidarity with BD but everything with the desire to conquer the land they believe rightfully belongs to them.

That needs the all clear from Delhi to happen. Just remember who we got running the show in your country....and thats going to remain for a good long time even after present one is long gone.

Hasina is using you,fool! to get the maximum benefit for BD from a selfish,mean minded neighbor.I hope you fall for her sweet talk for many many years.

 

[Nilgiri]

But even less populated countries like Denmark and Finland get even more revenues.
I guess it's due to excellent taxation where they get most of their revenues ?
What do you think about taxation in south asia ?

Developed countries with much higher per capita of course will get much higher revenues. More people are in the tax network, they are part of official economy (i.e govt has their income info in database) and many like Scandinavia are high welfare states to begin with (so they have really high tax rates even on their middle class).

You have to remember that 40% of their population is classified as "low skilled"....these are people that from the start are going to be outside the tax net and it only increases from there.

Then you add corruption by the rich etc and the money they stash away abroad....and you reduce it further.

I have not looked into the revenue intake structure of Bangladesh by source (i.e how much through income, how much through business, trade, how much direct and how much indirect....cesses, tariffs etc).

Maybe @Bilal9 and @Doyalbaba can help you on that.

As for overall picture in South Asia, its similar to Bangladesh...but scaled by population. India has about 12% low skilled workers by comparison....and much larger tax net (even % wise) plus there is big clamp down on illegal money being stashed abroad.....plus there is much more sources of revenue in the industrial and consumption sectors.....so revenues per capita are somewhat higher.

Pakistan is about same level as Bangladesh and may be even worse because of its higher prevalence of feudalism in its power structure (both local and central govt)....which means many many people do not pay income tax even though they should. Pakistan does not have a new growing industry like Bangladesh does in RMG so its tax net business wise has atrophied a lot. It will take a long time for it to get rejuvenated and needs an attitude change to begin with.

Certain parts of India suffer from this same problem, but at least the central govt is now pretty ship shape and there are many good performing areas to hedge on (and that put pressure on the leaders of the bad performing areas politically from their own people). Hence India's size is a good asset for long term fiscal scenario I believe.

Why do they risk for BD? They will reclaim the land they coveted for.It has nothing to do with solidarity with BD but everything with the desire to conquer the land they believe rightfully belongs to them.

And you think its just Indian conventional forces that stops them from trying today? Its just one side of the coin, we will always have the other side to employ at our discretion. They know it very well and will not engage another nuclear power.

Besides even 1/10th of our military is enough to lay complete waste to Bangladesh in a matter of a cpl weeks.....so its a moot point talking about even a 3rd being required.

Brahmos, pinaka, smerch and prithvi/prahaar barrages and 80% of Bangladesh military goes poof in a few short minutes.

 

[Homo Sapiens]

Brahmos, pinaka, smerch and prithvi/prahaar barrages and 80% of Bangladesh military goes poof in a few short minutes.

One battalion of S-400 or similar type of missile will be enough for BD to water down this scenario.

 

[monitor]

http://www.daily-sun.com/printversion/details/153817/‘Bangladesh-holds-largest-oil-gas-reserves-in-Asia-Pacific’
‘Bangladesh holds largest oil, gas reserves in Asia Pacific’
Staff Correspondent 25th July, 2016 10:29:04

The maritime exclusive economic zone of Bangladesh holds one of the largest oil and gas reserves in the Asia-Pacific. The country is at present the 7th largest producer of natural gas in Asia.

The gas supplied by the producers meet 61.69 percent of the domestic energy needs and the country is a net importer of crude oil and petroleum products.

Abdul Matlub Ahmad, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) made the observation at a ceremony on signing a MoU between Servigas Company, the subsidiary of Butane Group of Iran and Star Infrastructurte Development Consortium Ltd of Bangladesh.

Tawfiq-e-Elahi Chowdhury, Adviser to the Prime Minister on Power and Energy, Dr. Abbas Vaezi, Ambassador of Iran to Bangladesh, A.R. Khan, Chairman of the Energy Regulatory Commission of Bangladesh, Shafiul Islam Mohiuddin, First Vice President, FBCCI, representatives from Servigas Company of Iran, Iran business delegation and officials of Star Infrastructure Development Consortium Ltd attended the ceremony.

Speaking on the occasion, Matlub said, the energy sector of Bangladesh is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation (BPC).
Shell, Chevron, ConocoPhillips, Statoil, Gazprom and ONGC are major international companies engaged in Bangladesh’s hydrocarbon industry; and Chevron’s gas fields accounting 50 percent of natural gas production, he mentioned.

The country under its vision 2021 aims at generating electricity of 24,000MW by 2021 and 60,000MW by 2041 to meet the growing demand, FBCCI chief said.

“For FBCCI, this is one of the major achievements to see an actual business collaboration taking place which is a part of its ongoing efforts to promote investment in the country,” commented Matlub.

Appraising the Iranian business delegation of the natural gas and LPG outlook of Bangladesh, Matlub said, “There is estimated 27.12 trillion cubic feet (tcf) of gas from 26 gas fields, while the current supply per day is 2740 mmcf against the demand for 3300 mmcf. The country’s proven recoverable gas reserves is 20.77 tcf and the total production till now is 13.52 tcf, he mentioned.

LP Gas Limited under the BPC has been supplying LPG from their Chittagong and Sylhet plants through their distribution companies Padma, Meghna, Jamuna and Asiatic Oil Company Limited since 1998.
LPG industry in the country gained momentum during the period 1998-2002 following the start of LPG distribution by private sector companies.

Total LPG gas demand by private and public sectors is 3.50 lakh mmcfd annually whereas total supply of LPG by all sector is only 1.80 lakh mmcfd.


UNB adds: Dr Tawfiq-e-Elahi Chowdhury said the government has been promoting LPG (liquefied petroleum gas) for households and other purposes as part of its energy source diversification plan.
Responding to an appeal of business leaders, he said the government would consider removing tax-related bottlenecks in its way of promotion.
The leading members of the 16-member “Star Infrastructure Development Consortium” include Nitol Niloy Group and Unique Group. Officials of the consortium and Servigas signed the MoU at the function. The consortium will initially invest $12 million to set up the plant.

Matlub said once the production facilities are set up, the local LPG production and supply companies will get LPG bottles and other facilities at a cheaper price. He said the consortium is hopeful of setting the plant within the next 8-12 months.
Matlub said about 50 big companies have come into the LPG business investing about Tk 900 crore. These companies will require huge LPG bottles, trucks and other facilities that the Bangladesh-Iran joint venture company will meet.
The Iranian ambassador said there is a huge potential to grow bilateral business between Dhaka and Tehran. He said Tehran has huge technological and engineering advancements which Dhaka can share for its development in the energy sector.

I will take the story with pinch of salt. Govt have stopped household cocking gas supply and facilitating LNG Import from Qatar. Mutlob has surely some motlob behind this claim.

 

[Nilgiri]

One battalion of S-400 or similar type of missile will be enough for BD to water down this scenario.

First acquire it and then talk. We will send back "rejected" on your application form you submit to Delhi.....since its best to spend it on your flood defenses.

 

[UKBengali]

And you think its just Indian conventional forces that stops them from trying today? Its just one side of the coin, we will always have the other side to employ at our discretion. They know it very well and will not engage another nuclear power.

Besides even 1/10th of our military is enough to lay complete waste to Bangladesh in a matter of a cpl weeks.....so its a moot point talking about even a 3rd being required.

Brahmos, pinaka, smerch and prithvi/prahaar barrages and 80% of Bangladesh military goes poof in a few short minutes.

You are such a funny dude.

Obviously you must have missed the thread on the JSF where we were talking about BD acquiring top of the line weapons like J-31 fighters and Type-052D destroyers from China next decade. BD's forces will be modernised by 2030 and then India will face another powerful country in it's neighbourhood.

Are you at all aware that the Type-052D destroyer completely outclasses your Kolkata-class follow-on called the Visakhapatnam-class? Where your future destroyer will hold only 32 Barak-8 SAMs and 16 Brahmos missiles, you are looking at 32 HQ-9 200km SAMs in 32 cells, say 32 quad-packed DK-10 50km SAMs on 8 cells, and a mixture of 24 land attack/anti-ship cruise missiles on the remaining 24 cells of the VLS on the Type-052D.

Let me not even mention the many squadrons of J-31 5th generation fighters that will be roaming the skies of BD.

First acquire it and then talk. We will send back "rejected" on your application form you submit to Delhi.....since its best to spend it on your flood defenses.

You Indians are too stupid to understand that Hasina is just using you for her own good.

BD people would have risen up against Awami League if they really did anything against the core national interest - there is some convergence of interests between BD and India at this moment in time.

 

[Nilgiri]

Obviously you must have missed the thread on the JSF where we were talking about BD acquiring top of the line weapons like J-31 fighters and Type-052D destroyers from China next decade. BD's forces will be modernised by 2030 and then India will face another powerful country in it's neighbourhood.

Ohhhh 2030 when hopefully BD can do something beyond just RMG (which still remains to be seen).

Yes we are shaking in our boots indeed.

Are you at all aware that the Type-052D destroyer completely outclasses your Kolkata-class follow-on called the Visakhapatnam-class? Where your future destroyer will hold only 32 Barak-8 SAMs and 16 Brahmos missiles, you are looking at 32 HQ-9 200km SAMs in 32 cells, say 32 quad-packed DK-10 50km SAMs on 8 cells, and a mixture of 24 land attack/anti-ship cruise missiles on the remaining 24 cells of the VLS on the Type-052D.

Let me not even mention the many squadrons of J-31 5th generation fighters that will be roaming the skies of BD.

Haha what a good joke. Poor little Bangladesh will never be given permission to acquire anything beyond a certain capability.

Have a look at your "subs" you are getting from China to know what I mean.

This trend will only continue in future. You will always be 7+ steps behind India (and thus have to desperately project India will somehow remain at current tech and force levels) both quantitatively and qualitatively. Even if you can import one or two fancy trinkets, they are of no relevance to India.....you are our boot-shining peon and forever will be. Thats the total and eternal payment for us liberating you.....remember that. So don't ask what a master has to do to deal with his peon if he gets angry with him.....there are more options than you can probably count (certainly way more than the total patents Bangladesh has at the USPTO)

BD should focus on not making master angry at all in the first place....SHW is doing a good job on it. You should hope she and her ilk continues for BD sake.

You Indians are too stupid to understand that Hasina is just using you for her own good.

And some of you (not all since there are members in this very forum who see the truth for what it is) are too stupid or ignorant to rise above this self-denial that Hasina is some patriotic wise crack.

She has a utility for us, if she does not hold up her end....we will discard and replace as required...

But all trends are looking positive given what exactly she has thus far allowed for BD military....something short of an outright joke.

So keep your few hobbyists with guns (be they army or ansar riffraff) and let the professionals in the region play the real game. You are a complete nobody....till you shed your own mentality of seeing everything through Indian prism (positive or negative).

 

[UKBengali]

Ohhhh 2030 when hopefully BD can do something beyond just RMG (which still remains to be seen).

Yes we are shaking in our boots indeed.

Like I say you are not a nation but a legal entity and will disintegrate of your own accord, so why worry too much about you as India is only a temporary pest and will be consigned to the dustbin of history as all others like it before.

What exactly is an Indian again?

 

[Nilgiri]

Like I say you are not a nation but a legal entity and will disintegrate of your own accord, so why worry too much about you as India is only a temporary pest and will be consigned to the dustbin of history as all others like it before.

What exactly is an Indian again?

And we come back to your pet line.

Should focus more on getting your patent and RnD capability up instead of worrying about what defines a nation.....or you will all be stuck in RMG forever and chest-thumping about Bangladesh being a robust nation in your rare free time...while we "disintegrateable" weaklings with no proper nation still continue to control, exploit and manipulate everything you do as an overall country with minimal effort

 

[danger007]

If India divert all of military towards Bangladesh-
Pakistan will reclaim Jammu & Kashmir,Punjab,Delhi,Junagarh,Rajsthan and what not
China will march South Tibet,Dharmashala,Dalailama house,Sikkim,Uttarakhand

And don't talk about nuke, when your adversary like China,Pakistan also have them.


Impressive in current scenario,but not so if we start serious military build-up.

Are you sure what you are talking about ? Do you know the thing called- Active reserve** ...



Why do we need to move all our Army for BD.. lolz you are silly..

 

[danger007]

You are such a funny dude.

Obviously you must have missed the thread on the JSF where we were talking about BD acquiring top of the line weapons like J-31 fighters and Type-052D destroyers from China next decade. BD's forces will be modernised by 2030 and then India will face another powerful country in it's neighbourhood.

Are you at all aware that the Type-052D destroyer completely outclasses your Kolkata-class follow-on called the Visakhapatnam-class? Where your future destroyer will hold only 32 Barak-8 SAMs and 16 Brahmos missiles, you are looking at 32 HQ-9 200km SAMs in 32 cells, say 32 quad-packed DK-10 50km SAMs on 8 cells, and a mixture of 24 land attack/anti-ship cruise missiles on the remaining 24 cells of the VLS on the Type-052D.

Let me not even mention the many squadrons of J-31 5th generation fighters that will be roaming the skies of BD.



You Indians are too stupid to understand that Hasina is just using you for her own good.

BD people would have risen up against Awami League if they really did anything against the core national interest - there is some convergence of interests between BD and India at this moment in time.

Why you are bringing Type -52D .. lolz when you don't have them ... we don't need Navy for BD ..

 

[JohnyD]

Oil exploration requires huge capital investment, with current price level, I dont think anyone would be interested to invest billions in BD oil field development if BD is looking at the scale.

 

[Nilgiri]

Oil exploration requires huge capital investment, with current price level, I dont think anyone would be interested to invest billions in BD oil field development if BD is looking at the scale.

I think minister was mentioning it more as a partner-energy type with gas (oil - gas)....rather than seriously claiming BD has oil reserves. Digboi in Assam is the only oil in the immediate region along with what Myanmar has at Yenangyaung.

BD has to prospect for oil and actually establish its presence in its territory (on or offshore) before it can attempt to develop it.

They seem to be more keen on gas anyway since there is a greater likelihood of further reserves offshore of that at least.

 

[idune]

How come it is largest in Asia-Pacific ... Newly discovered gas reserves KG basin is 134TCF, which 10 times larger to Reliance bloc in KG basin..

http://m.timesofindia.com/business/...r-than-RILs-gas-find/articleshow/50505577.cms

You guys dont get it, Doyalbaba caught red handed spreading lie and he can not backup his claim. Now he is busy dodging the question by talking about more rubbish about rice, fish and defense spending.

 

[Nilgiri]

You guys dont get it, Doyalbaba caught red handed spreading lie and he can not backup his claim. Now he is busy dodging the question by talking about more rubbish about rice, fish and defense spending.

He already said the minister exaggerated the statement. Whats the big deal.