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Sunday, September 18, 2005

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Movement likely to resist offloading oil sector shares
9/18/2005
 

          Chittagong, Sept 17 (BDNEWS) - Bangladesh Oil and Gas Workers Federation (BOGWF), an umbrella organization of eight basic trade union bodies in the oil sector, is going to launch a hard movement to resist the government move to offload the shares of the state-run oil enterprises.
The federation leaders said the government's announcement to offload the shares is nothing but a primary and strategic step toward divestment of the country's profitable oil sector.
The leaders of the eight basic unions of state-run Bangladesh Petroleum Corporation (BPC), its seven subsidiaries and one gas-field company, will announce agitation programmes through a press conference Sunday.
As part of the preparation for offloading the shares of the oil sector, the government has taken up financial restructuring programmes for the BPC and its seven subsidiaries.
A meeting of energy advisor Mahmudur Rahman with the chiefs of the seven enterprises of BPC on August 24 in Dhaka has decided to complete the financial restructuring programmes and had already issued instruction to pave the way for off loading the shares.
"Another meeting with the leaders of BOLGWF, the energy Advisor, however, assured the federation leaders in Chittagong that no decision for disinvesting the state-owned oil sector will be taken without prior discussion with the federation leaders," advocate Jane Alam, President of the Federation, told BDNEWS Saturday.

 

 
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