Chevron’s new President of Base Assets and Emerging Countries, Javier La Rosa, has reaffirmed his company’s longstanding partnership with Bangladesh during meetings in Dhaka with key government officials.
“I am pleased to be here in Bangladesh engaging with our valued Government of Bangladesh stakeholders on day one of my new role,” said La Rosa.
During his visit, Javier La Rosa and Eric M Walker, Chevron Bangladesh Managing Director and President, on Tuesday met with Power & Energy Advisor Dr. Fouzul Kabir Khan, Mohammad Saiful Islam, EMRD Secretary, M Rezanur Rahman, Chairman Perobangla, Ashik Chowdhury, Executive Chairman of BIDA and Lutfey Siddiqi, Special Envoy to Chief Advisor for International affairs, highlighting the progress of the interim government in improving the investment climate.
“We have a strong partnership with the government, Petrobangla and people of Bangladesh, a partnership that has supported Bangladesh’s energy security and fueled economic growth for 30 years,” said La Rosa.
“We have been encouraged by the approach of the interim government to resolve the current challenges, which sends a positive signal to existing and potential investors.”
“Together, we can leverage our enduring partnership to work through any challenges and unlock new opportunities for Bangladesh’s energy sector”, he added.
Chevron has partnered with Petrobangla and Bangladesh government for 30 years and is the largest US investor in the country.
US oil major accounts for about 60% of Bangladesh’s local natural gas production and over 80% of condensate production.
It has contributed over US $4.2 billion to strengthen Bangladesh’s energy infrastructure in the last three decades, including over $634 million with local suppliers, serving as a reliable source of foreign exchange.
Chevron’s talented workforce is composed of 97% Bangladeshi nationals.
