Bangladesh government is offering around 1,000 acres of land on Maheshkhali Island in the Bay of Bengal to Kuwait Petroleum International (KPI) to construct a crude oil refinery with 10 million tonnes per year capacity at a cost of US$ 6 billion. The precise location of the land has already been identified by the government and would be handed over to KPI as soon as all formalities of the deal have been finalized. Apart from land, Bangladesh will provide other infrastructural supports like electricity, water, roads and communication to the project site. Bangladesh's oil imports have been increasing steadily over the past several years as domestic demand rises, especially for oil-fired power plants.