Our company, FABO oil & gas company, has taken the initiative of attending to a major social crisis in the fuel and energy sector that has gripped our country. As the statistics of LPG users currently stand, the country has a demand of 1 million M/tons whereas, Government and private production are able to materialize only 10% of the ultimate demand i.e. 100, 000 M/tons. In order to address this i
ssue, FABO oil & gas company plans to provide an economically feasible and environment friendly solution through its LPG import based bottling plant that will produce market and distribute LPG bottles. The Government of Bangladesh has granted us the permission to materialize our plans as a result of which the company has acquired industrial land which is located beside the Dhaka- Chittagong express highway and is presently under intensive development. Besides, the company also has the capacity to provide all industrial logistic support such as skilled workers, expert management and backup facilities. Moreover, the Government of Bangladesh has formulated a number of policies with regard to tax holiday, investment returns with profit and duty free import facilities of raw materials in order to accelerate industrial growth. Thus there is a co-operative business environment lying in the country. Keeping the above factors in mind, we believe you are able to foresee the success of our business plan and thus, we request you to be a part of our journey through a joint venture. On a primary basis we intend to achieve production of 20K M/tons of LPG, hence paving the way towards our aim of over 200K M/Tones that FABO will accomplish with your investment support. Our initial objective is to serve rural and urban household through cooking fuel and further target commercial users. At this stage our company requires minimum US Dollars 10 million of investment for LPG importation, working capital and machineries necessary for our progression. FABO oil & gas company would be obliged with your contribution to this cause and celebrate your affiliation with our project. In this journey we will relieve the society of this crisis and build a flourishing business empire together. We eagerly await your consideration as well as your association in our project. Yours sincerely,
Mohammed Shahjahan
Managing Director & CEO
FABO oil & gas company
306 Singapore-Bangkok market (2nd floor)
Agrabad, Chittagong,
BANGLADESH
E-mail: [email protected]
