Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack

Saudi Arabia has temporarily shut its strategic East-West oil pipeline after a drone attack, raising concerns over further disruption to global crude supplies amid the widening Middle East confl ict.

The 1,200-km pipeline, which links the kingdom’s oil fi elds to the Red Sea port of Yanbu, has become a critical alternative to the Strait of Hormuz.

It has recently carried around 4 million barrels per day, equivalent to roughly 4% of global oil supply.

Saudi authorities said the shutdown was a precautionary measure after the attack caused damage and injuries.

Riyadh and Baghdad said the drones originated in Iraq, while Iraq ordered an investigation and dismissed a military commander in response.

The disruption came as Houthi forces expanded their presence around the Bab el-Mandeb Strait, another major shipping chokepoint.

The attacks on the pipeline and the strategic Perim Island heightened concerns over the security of alternative oil-export routes.

India’s Battery Storage Market Surges with 8.2 GWh Added in First Half

India added 8.2 GWh of battery energy storage system (BESS) capacity in the fi rst half of 2026, a dramatic increase from just 98.4 MWh installed during the same period last year, according to Mercom India Research.

Installations reached 3.6 GWh in the second quarter, down 22% from the record fi rst-quarter additions.

Standalone battery projects accounted for nearly 98% of quarterly installations and 83% of cumulative installed capacity, indicating a rapid shift toward dedicated grid-scale storage.

Rajasthan accounted for the largest share of cumulative installed BESS capacity at 36%, followed by Gujarat at 20% and Maharashtra at 5%.

The report also highlighted a gap between planned and awarded projects.

India issued tenders for about 28 GW of storage capacity in the fi rst half, while only around 9 GW was auctioned, down 18% year on year.

Mercom Capital Group CEO Raj Prabhu said rising solar generation, increased curtailment and growing evening electricity demand are driving stronger demand for storage.

Alhaj Mahmud Hasan A Biographical Tribute to a Visionary Engineering Pioneer

Alhaj Mahmud Hasan (19462026) was a transformative fi gure in Bangladesh’s energy, mechanical construction, and infrastructure sectors.

As the founder and visionary Chairman of Dipon Group, he broke international monopolies in heavy engineering and laid the critical groundwork for the nation’s gas transmission networks.

His life was defi ned by engineering ingenuity, empathetic leadership, and a profound commitment to silent philanthropy.

Early Life and Education Born in the village of Charruhita in Lakshmipur, part of the greater Noakhali region in the southern part of the country, Mahmud Hasan faced early personal tragedy when he lost his mother at just one year of age.

His father, an accomplished individual holding a master’s degree in English, served as a government offi cer under the British administration.

Due to his father’s offi cial postings, his early education required frequent relocations.

He began his schooling at Barisal Zila School, where he notably shared a classroom with Major (Retd.) Hafi z Uddin Ahmed, MP.

Upon moving to the Khulna division, he completed his Secondary School Certifi cate (SSC) from St.

Joseph High School and his Higher Secondary Certifi cate (HSC) from Govt.

Brajalal College, Daulatpur, Khulna.

His entrepreneurial spirit ignited remarkably early; while in the 8th grade, he began manufacturing specialized fl ame tubes from home.

He named these creations ‘Dipon scientifi c apparatuses’ and sold them to local schools-a venture that birthed the name ‘Dipon,’ which would later become an industrial powerhouse.

He subsequently relocated to Dhaka to pursue higher education, earning his Bachelor of Arts (B.A.) from Jagannath College and his Master of Arts (M.A.) in Bengali Literature from the University of Dhaka.

The Genesis of an Industry Pioneer (1968-1977) Following the completion of his master’s degree, Mr.

Hasan joined British Gas, where he received specialized training in pipeline construction.

He then commenced his professional career as a Coordinator with Pak Gas Limited, a private limited entity.

During his tenure there between 1969 and 1970, he was instrumental in constructing a gas pipeline in the Demra region of Dhaka.

Driven by a distinct entrepreneurial vision, he left his job to establish his own proprietary company, Dipon Gas Coompany, in 1969, perfectly timing the venture with the Pakistan Government’s initiative to market natural gas through the newly formed Titas Gas Company.

Dipon Gas operated initially as a contractor focused on domestic and industrial pipeline connections.

In 1970, the company secured its inaugural contract with Titas Gas, offi cially commencing commercial operations with a 3/4′ pipeline project.

The 1971 Liberation War brought severe adversities.

The company suffered critical setbacks when local miscreants, identifi ed as Biharis, looted vital operational equipment, including high-value Ruston and Lister welding machines.

Throughout this turbulent era, the company operated from its primary offi ce at House 2/2, Lalmatia, and a secondary setup at 3/14 Iqbal Road.

As the company expanded alongside Titas Gas, building extensive distribution networks across Dhaka and connecting numerous industries, it was incorporated as a private limited company in 1977.

To support its rapid corporate evolution, Dipon’s headquarters transitioned through key commercial districts, moving from the Red Cross Chamber in Motijheel to Scout Bhaban in Kakrail, and eventually to a corporate district in Shyamoli.

Revolutionizing Mechanical Construction and Pipeline Engineering Mr.

Hasan propelled Dipon Group into a prominent leadership position by executing high-capacity national gas pipelines across complex and hostile terrains.

Titas Gas Expansion (1973-1975): Dipon successfully engineered a twin-phased logistics contract, constructing a 12′ main pipeline from Joydebpur to Ashulia, integrated with a dedicated feeder line extending from Ashulia to Savar Spie Capag Subcontract (1990): Entering the elite tier of mechanical construction, Dipon partnered as a strategic subcontractor with the international giant Spie Capag.

Together, they delivered a highly technical 3.5 km, 20-inch highpressure pipeline operating at 1000 PSIG.

Technological Firsts (1991): Mr.

Hasan’s team engineered a custom, in-house Hydraulic Road Boring Machine.

This innovation was critical for installing a 100 km WASA water pipeline through Kawla, Dakshinkhan, and Ashkona, allowing the fl awless traversal of four high-risk railway crossings without disrupting rail operations.

Infrastructure Tooling: He modernized local engineering by introducing high-tier specialized components such as Hydrostatic Pumps, Pneumatic Clamps, and higheffi ciency Rubber and Foam Pipeline Inspection Gauges (PIGs).

Breaking the International Monopoly (1996) Historically in Bangladesh, local companies were sidelined in favor of international contractors for transmission pipelines due to strict prior-experience prerequisites.

The defi ning breakthrough occurred in 1996 with the Monohardi to Narsingdi 20′ diameter pipeline project.

Spanning 25 kilometers to Valve Station-3, this 82 million Taka project, fi nanced by the World Bank and Asian Development Bank (ADB), was a watershed moment.

Under Mr.

Hasan’s leadership, Dipon made history as the fi rst domestic corporation to independently import and deploy a heavy-duty Caterpillar Pipelayer in Bangladesh.

The project was executed against adverse conditions but was completed ahead of schedule, breaking the international monopoly and earning a letter of appreciation from the World Bank and ADB.

This triumph paved the way for local companies to secure pipeline contracts of all sizes.

Mega Projects and Complex Engineering Feats Dipon Group’s portfolio expanded to encompass some of the most logistically daunting mega-projects in the region.

Bibiyana to Dhanua 36′ Pipeline (2013): Extending over 42 kilometers, this infrastructure network required extreme heavyhaul logistics.

The project utilized reinforced concrete-coated pipes weighing 14.50 tons per 12-meter joint.

Transporting just a single high-capacity pipe across rural pathways required the synchronized engagement of 10 to 12 heavy-duty tractors simultaneously.

Moheskhali Zero Point to Dhalghat Para: This critical 7.7 km pipeline corridor incorporated an advanced Customer Terminal Metering Station (CTMS) and an LNG inland receiving station.

Operating in extreme marine environments, the project navigated wild tidal fl uctuations of up to 7 feet.

Mr.Hasan’s engineers utilized customized shallow-water fl at-bed barges to transport massive pipe segments over volatile waters.

To move 40-inch pipes through swampy mangrove terrains, they deployed the innovative ‘fl owtyre’ fl oatation technique, towing structural lines with motorized boats during peak high tide.

Precision welding and structural alignment were strictly executed during the low tide windows to guarantee safety and compliance.

Tripee Progati and Italian Joint Ventures: Executed signifi cant capacity expansions, including the Chittagong City Gate Expansion under Bakhrabad Gas Systems, and constructed highcapacity District Regulating Stations (DRS) and Metering Stations for the Ashugonj Power Plant and Ashugonj Fertilizer Company.

Blowout Salvage Operations: Successfully led critical recovery efforts following two separate blowouts involving the CPTDC and Parker Rigs at the Chattak Gas Field.

The operation was completed with an excellent fl awless safety record, resulting in the successful extraction and disposal of 10,000 tons of structural debris for NIKO Resources (BD) Co.Ltd.

Global Expansion and EPC Contracts: Under his guidance, Dipon expanded operations internationally, executing 48-inch pipeline welding jobs in the UAE and managing complex subsea pipelines and river crossings.

The group also delivered Engineering, Procurement, and Construction (EPC) contracts for power plants ranging from 6MW to 100MW, alongside numerous Process Plants, Regulating and Metering Stations (RMS), Town Border Stations (TBS), and City Gate Stations (CGS) nationwide.

Notably, Dipon executed the Bonita process plant under EOC.

Strategic Partnerships with Global Supermajors Demonstrating world-class safety standards and engineering capabilities, Mr.

Hasan positioned Dipon Group as the premier local engineering partner for global oil and gas heavyweights.

Chevron: Undertook the comprehensive mechanical and structural scope for the nation’s largest facility of its kind, the 600 MMCFD Bibiyana Gas Processing Plant, which included laying a 25 km, 30′ diameter gas pipeline alongside a 6′ condensate transmission line.

Unocal: Executed specialized structural casing pipe welding and heavy civil works for drilling pad preparation.

Niko: Delivered comprehensive supply logistics for drilling, alongside extensive marine and civil infrastructure including heavy cargo jetties, connecting roads, and structural bridges.

Cairn Energy: Managed specialized conductor and surface casing pipe installations, along with highintegrity structural welding.

Tullow Oil: Delivered strategic gas gathering network lifelines and constructed complex processing plant modules.

Management Philosophy and Cultural Sensibility Mr.

Mahmud Hasan championed a deeply humane corporate culture within the rigid heavy-engineering sector.

He was an empathetic leader who believed in building people, prioritizing personal counseling and mentoring over disciplinary action.

He implemented wideranging employee welfare frameworks, ensuring complete accessibility and erasing the divide between on-site manual laborers and executive offi cers.

Beyond his corporate acumen, he was profoundly passionate about classical music and literature.

He was a man of diverse artistic talents who profi ciently played the tabla and harmonium, recited timeless poetry, and performed soul-stirring Hamd and Naat.

A Legacy of Silent Philanthropy Despite his monumental commercial success, Mr.Hasan maintained an absolute policy of anonymity regarding his massive philanthropic footprint, actively avoiding public acknowledgment as he established religious, social, and educational institutions across remote corners of Bangladesh.

Dipon Foundation (Est.

2007): A visionary, large-scale social project intended to construct a state-ofthe-art Old and Child Care Complex designed for the active participation of senior citizens.

Initiated with the construction of a two-story Mosque and Hospital Complex on a massive foundation intended for fi ve stories, the project was indefi nitely postponed when Mr.

Hasan developed advanced glaucoma, leading to profound visual impairment.

Dip Alo School (Est.

2015): Channeling his grief over his rapid vision loss into societal good, he founded a fully charitable primary school and a higher-education monetary deposit scheme housed within the Dipon Foundation premises in Aukpara, Savar.

He personally bore all structural maintenance costs and teacher salaries until his fi nal illness in 2022.

Despite his severe blindness, he actively traveled to participate in student assemblies, teacher training, and guardian meetings, passionately encouraging stakeholders to nurture ambition in underprivileged children.

Nuruzzaman Mosque: Constructed on prime land in Lakkhipur town inherited from his father, he named this grand spiritual sanctuary in his father’s honor immediately following his passing.

Mahmud Hasan Jame Mosque: Located in his birthplace of Charruhita village, this magnifi cent mosque stands as a testament to his pure philanthropic model.

It was constructed seamlessly without a single idle day, funded entirely from his personal wealth, with strict prohibitions against accepting external contributions.

Spiritual Refl ections and Core Beliefs Mr.

Hasan’s internal moral compass was anchored in a profound spiritual philosophy.

He frequently composed poetry that refl ected his dedication to human harmony.

One of Mr.Mahmud Hasan’s poetry is incerpted below: He deeply believed that morality, integrity, and civility must elevate the economic realm just as they do the social sphere.

He taught that upon a person’s passing, all material wealth is left behind, leaving only deeds as eternal companions.

To Mr.Hasan, acts of worship were a form of spiritual training meant for human welfare-a righteous struggle against injustice fought with unity, sacrifi ce, and moral rectitude.

He fi rmly held that any devotion failing to foster the collective well-being of humanity remains incomplete in securing divine pleasure, as every individual will ultimately be held accountable for their actions before receiving the Almighty’s infi nite mercy.

Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack

Saudi Arabia has temporarily shut its strategic East-West oil pipeline after a drone attack, raising concerns over further disruption to global crude supplies amid the widening Middle East confl ict.

The 1,200-km pipeline, which links the kingdom’s oil fi elds to the Red Sea port of Yanbu, has become a critical alternative to the Strait of Hormuz.

It has recently carried around 4 million barrels per day, equivalent to roughly 4% of global oil supply.

Saudi authorities said the shutdown was a precautionary measure after the attack caused damage and injuries.

Riyadh and Baghdad said the drones originated in Iraq, while Iraq ordered an investigation and dismissed a military commander in response.

The disruption came as Houthi forces expanded their presence around the Bab el-Mandeb Strait, another major shipping chokepoint.

The attacks on the pipeline and the strategic Perim Island heightened concerns over the security of alternative oil-export routes.

Fuel Price Hike to Raise Infl ation, Weaken Consumption: BRAC EPL

Bangladesh’s latest fuel price hike is likely to fuel infl ation, reduce real household purchasing power and weaken consumption, particularly among price-sensitive households, according to BRAC EPL Stock Brokerage Ltd.

The government raised the prices of diesel, kerosene, petrol and octane by Tk20 per liter from September 21.

Diesel, widely used in freight transport, public transportation and irrigation, saw the largest percentage increase at 17.4%.

In a special brief, BRAC EPL said higher fuel costs would initially raise transport, irrigation and distribution expenses, with secondround effects likely to spread to food, services and wage expectations.

Higher logistics and input costs could also squeeze corporate margins, production and capacity utilization.

The brokerage said the adjustment could, however, reduce Bangladesh Petroleum Corporation’s losses and government fi nancing needs.

Tk119.56cr Allocated to Union Parishads for Solar Projects

The government has allocated Tk119.56 crore to union parishads across Bangladesh to implement solar power projects aimed at supplying renewable electricity to the national grid.

The Local Government Division released the funds as a one-time special allocation under the Union Parishad Development Assistance sector of the Annual Development Program (ADP) for fi scal 2026-27.

A government order said the allocation must be used exclusively for the approved solar projects, with expenditures following the Union Parishad Development Assistance Utilization Guidelines, 2021 and the Public Procurement Rules, 2025.

The funds will be released through the respective union parishad accounts under prescribed procedures, with Upazila Nirbahi Offi cers (UNOs) responsible for drawing and disbursing the money.

Any unspent funds must be returned to the government treasury by June 30, 2027.

Climate Change Threatens Household Diets, Health in Bangladesh: Experts

Climate pressures on agriculture could signifi cantly alter household food choices and ultimately impact nutrition and cardiometabolic health, experts warned at a workshop in the capital recently.

The International Maize and Wheat Improvement Center (CIMMYT) organized the workshop in Dhaka to examine the interconnected pathways between climate change, agricultural output, food availability, and chronic diseases such as diabetes and heart disease.

The workshop utilized Fuzzy Cognitive Mapping (FCM), a systems analysis approach designed to map complex interlinkages across sectors.

Organizers noted that this event marked the fi rst application of FCM in Bangladesh focused specifi cally on the nexus of climate, nutrition, and cardiometabolic health.

The workshop was conducted under the project titled ‘The Impact of Climate Change on Nutrition and Cardiometabolic Disease in Bangladesh: Catalyzing Policy Action,’ funded through the Wellcome Trust Climate Impacts Award.

Running from March 2026 to February 2029, the initiative aims to generate evidence to support healthier diets and climate-responsive public policies.

Power, LNG Subsidies Rapidly Depleted in 2.5 Months

Bangladesh has spent nearly half of its FY202627 budget allocation for power and LNG subsidies in just two and a half months, as soaring international energy prices drive up import costs.

The government allocated about Tk480 billion for the two sectors, of which Tk238 billion, or 49.6%, had been disbursed by September 20.

The power sector received Tk138 billion, equivalent to around 37% of its Tk370 billion annual allocation.

The LNG subsidy allocation is under even greater pressure.

Of the Tk110 billion budgeted for LNG imports, around Tk100 billion had already been disbursed in July and August, leaving only Tk10 billion for the rest of the fi scal year.

Offi cials warned that subsidy requirements could rise sharply if LNG prices remain elevated.

Bangladesh has recently purchased spot LNG at nearly $30 per MMBtu, about three times the preMiddle East confl ict level.

The government had allocated Tk60 billion for LNG subsidies in FY2025-26, but actual spending rose to Tk166 billion by the end of that fi scal year.

BPDB, ChineseBangladeshi JV to Build 10MW Solar Plant at Bhasanchar

The Bangladesh Power Development Board (BPDB) has signed an agreement with Suhua-PSDC JV to build a 10MWp solar power plant with a 16MWh Battery Energy Storage System (BESS) and associated distribution facilities at Bhasanchar in Noakhali.

Suhua-PSDC is a joint venture between China-based Suhua Construction Group Co Ltd and Bangladesh’s Power System Development Co Ltd.

BPDB Board Secretary (additional charge) Afroza Sultana and Suhua Construction Group Manager Jiang Ruihua signed the agreement in Dhaka.

The project has a contract value of Tk167.55 crore, including $9.05 million in foreign currency and Tk56.88 crore in local currency, with an implementation period of 18 months.

It is being implemented under the World Bankfi nanced HELP project.

As Bhasanchar is outside the national grid, the project will operate as an offgrid hybrid power system combining solar generation, battery storage and electricity distribution facilities.

The 16MWh BESS will be among the largest battery energy storage systems in Bangladesh.

Trump Signs Sweeping Russia-Iran Sanctions Law Targeting Energy Buyers

US President Donald Trump has signed into law a sweeping sanctions package targeting Russia’s economy and energy revenues, including measures that could impose tariffs of up to 100% on major purchasers of Russian oil and natural gas.

The Lindsey O.Graham Sanctioning Russia and Iran Act of 2026 authorizes sanctions against Russian offi cials, fi nancial institutions and entities, while also targeting Russia’s so-called shadow fl eet used to circumvent existing energy sanctions.

The law gives the president authority to impose tariffs of up to 100% on the fi ve largest purchasers of Russian-origin crude oil and natural gas, as well as countries facilitating sanctions evasion.

An exception applies to certain countries importing less than 15% of their natural gas from Russia and taking signifi cant steps to reduce their dependence.

The legislation also extends the Iran Sanctions Act of 1996 through 2031, maintaining sanctions related to Iran’s energy sector and weapons activities.