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The recent Saudi-Russian energy diplomacy was aimed at increasing the price of fuel oil presumably to US$ 80 per barrel from current $50, although many believe it is highly unlikely that the diplomacy would see total success. If the two oil giants’ efforts succeed to some extent, it will have significant effect on oil-purchasing countries. Bangladesh will have to face instant pressure even if the price rises by only $10 per barrel as the country’s 37 percent of total power generation comes from oil-based plants – it would increase to around 50 percent in next few years as the government is bringing in new oil-based plants to meet the growing demand. Bangladesh is a country of growing economy and if high growth is desired, power at affordable price must be ensured. On the other hand, the economy is not yet capable of absorbing the import-dependent energy pressure. So, there is no alternative to mine own coal and it’s the best time to do that. Experts hope the government would take effective steps to mine own coal without further delay for the sake of achieving the target to make it a developed country.

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