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The country is preparing to launch its Third Licensing Round towards the end of the year, after the Bangladesh High Court in July 2006 partially vacated an injunction on the signature of Production Sharing Contracts (PSCs) with foreign companies.
Background
Bangladesh is one of the world's poorest and most densely populated countries. Not only is it highly vulnerable to natural disasters such as cyclones, flooding and drought, it is also associated with civil unrest, political instability and widespread corruption ? all of which can be viewed as a deterrent to the country's attractiveness as an E&P destination...
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