Bangladesh expects first gasoil import from India through pipeline by end-2019

23 Oct 2017   Bangladesh, India

Bangladesh expects to import first 0.05% sulfur gasoil through pipeline from neighboring India by the end of 2019 under an agreement to import a total 5 million of the fuel over a 15-year period till 2034, state-run Bangladesh Petroleum Corporation chairman Abu Hena Md Rahmatul Muneem told S&P Global Platts Monday. BPC and India’s state-owned Numaligarh Refinery Ltd signed a sales and purchase agreement on October 22 in Dhaka in the presence of visiting Indian external affairs minister Sushma Swaraj, he said. India’s Bharat Petroleum Corporation Ltd. owns 61.65% stake of NRL, Oil India Ltd. owns 26% and the remaining 12.35% ownership is under the government of Assam state. The SPA signing paved the way for the start of construction of the proposed 130 km pipeline to be named as the Indo-Bangla Friendship Pipeline, said the BPC official. Oil product imports through this proposed pipeline would be a first […]

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