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NGC

The Proposed project is a Proprietary Concern shall be converted into a Private Company limited by shares. The proposed project is estimates to sell maximum product may add annually minimum Tk.1,750,589 thousand, and may employ more than 339 unemployed workforces, may put a positive contribution to grow GDP in our national economy by Tk. 146,088.71 thousand annually after utilization of 80% efficiency. The Project situated at a very nice site seeing location near at Kaoraid Union, 12 no Dhamly Mouza, under Sripur Upazilla of Gazipur District on a high land of about 3.64 Acre (1 Acre equal to 3 Bighas in our local Measurement) including all other utility facilities. The project has easy availability of road connection; Electricity and Gas. There is no shortage of Water and manpower for running the project very smoothly. The Project of this nature is very high demanding in Bangladesh is very much prospective, considering availability of Raw Materials, Labor, Market and other Facilities. To set the Project Banks and other financial institutes are showing their keen interest to finance for the project. The project envisages to setting up of a new Natural Gas Condensate (NGC) Fractionation Plant. The project is Technically Feasible, Economically rewarding and Financially Viable. Petroleum Oil, Natural Gas, Hydro electricity, Nuclear Power and Coal are five constituents of primary energy. Oil consumption accounts for 40 percents of the total world primary consumption while Natural gas accounts for 25 percent of total world primary energy consumption. Oil & Natural Gas arc the main constituents of primary energy consumption in Bangladesh. The share of oil in total primary energy consumption in Bangladesh is lower at 25-30% vis-a vis the world average of 40% Natural Gas accounts for almost the balance 70% of the total energy consumption. Consumption of Coal, Hydro-electricity and Nuclear power are particularly negligible. Despite a high share of Oil &. Gas in Bangladesh's primary energy consumption, the per-capita energy consumption has been low vis-à-vis the per capita consumption of the world as well as in Indian Sub-continent. However, it may he noted that Bangladesh has registered a petroleum oil growth rate of 70% during the period 1985-2000 which is in line with this subcontinent and also much higher than the world average. Thus the high growth in petroleum oil consumption and low per-capita consumption of oil are indicative of an enormous potential for growth in demand for oil in Bangladesh.