Niko-BAPEX joint venture deal illegal: HC

Dhaka,  Sun,  24 September 2017
Published : 24 Aug 2017, 12:07:45 | Updated : 24 Aug 2017, 12:17:02
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Niko-BAPEX joint venture deal illegal: HC

Niko-BAPEX joint venture deal illegal: HC
FE Online Desk
The High Court has declared illegal the joint venture agreement with Niko Resources Limited, a Canadian oil company. 

Niko and Bangladesh Petroleum Exploration and Production Company (BAPEX) signed the deal in 2003. 

The court on Thursday also ordered the forfeiture of all Niko assets in the country. 
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