Unocal Corporation
Abedin personally initiated the $230 million (£123.9m) deal with Unocal Corporation (now Chevron Corporation) in 2004, on behalf of Bangladesh, after getting approval from the Prime Minister Khaleda Zia. This was at the Bibiyana field, which was located roughly around 180 miles north-east of the capital Dhaka, and had a reserve of 2.4 trillion cubic feet of gas; it was found by Unocal in 1998. When asked about the 1997 blowout of the Magurchhara gas field, caused by Occidental Petroleum (later taken over by Chevron) and the resulting $6.12 billion suit against Chevron Corporation, (of which only TK 380,000,000 was paid in damages) and why nothing was done of it, he said "Ask the government". He also received objection letters from Tullow Oil, when they objected the sell out of Chevron Texaco interests to Niko Resources and the Government of Bangladesh.