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Kuwait to Sell Bangladesh Oil on 180-Day Credit


Kuwait has agreed to sell oil to Bangladesh on six months' credit to help the impoverished country cope with soaring world prices. Kuwait will also help finance the construction of two bridges and a power plant in the southeastern district of Chittagong.

The agreements came during talks in Dhaka between Kuwait's visiting emir, Sheikh Sabah al-Ahmad al-Sabah, and Bangladeshi Prime Minister Khaleda Zia.

Bangladeshi Foreign Minister Morshed Khan said that under the agreement, Kuwait will supply Bangladesh with oil worth at least 750 million dollars on 180-day deferred payment. The emir is on a four-nation tour that will also take him to Thailand, India and Pakistan.

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