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Crude Oil Reserves Under Pressure as New Shipment Delayed

The impact of the ongoing war situation in the Middle East and the tensions surrounding the Strait of Hormuz has begun to affect the reserves of the country’s only state-owned oil refinery, Eastern Refinery Limited (ERL). Currently, about 100,000 tons of crude oil are stored at the refinery in Chattogram, which officials say will allow production to continue for a maximum of another 20 to 22 days. If no new shipment arrives within that time, pressure may build on the refinery’s production system.

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