5 Countries That Increased Oil Production the Most in A Decade

3. Bangladesh

Percentage Change in Production: 206.51%

In energy, Bangladesh faces challenges due to limited domestic resources. It heavily depends on imported fossil fuels. This reliance raises economic and energy security issues. To tackle these challenges, Bangladesh is investing in its energy sector.

Recently in March 2024, the Bangladesh government opened bids from around the world for oil and gas exploration in 24 blocks located in the Bay of Bengal. This move is geared towards boosting the country’s oil production. The government has set a deadline for bids by the first week of September. Evaluations and deals are anticipated to be completed by the end of the year.