BPC turns down Indian request to invest in oil pipeline

Nurul Alam . Chittagong | Published: 00:52, Apr 02,2017

 
 

The state-owned Bangladesh Petroleum Corporation turned down a request made by India to jointly invest in the installation of pipeline for supplying diesel from the latter’s oil refinery, officials said.
Bharat Petroleum Corporation, the state-owned body of India, made the request during a recent visit by a high-powered BPC delegation, headed by its chairman Abu Hena Mohammad Rahmatul Muneem, officials added.
Bharat Petroleum already moved to supply annually one million tonnes of diesel from its Asam-based Nomaligarh Refinery Ltd through Shiliguri oil depot with the installation of a pipeline network in the northern part of Bangladesh, they informed.
‘During our recent visit to Nomaligarh oil refinery we held bilateral talks on the investment and cost of the installation of pipeline network inside Bangladesh. We were requested to jointly invest in this project, but we declined,’ said the director (marketing) of BPC Mir Ali Reja.
‘It may be a bad investment for us in future if any time the Indian side discontinues supply of consignments of diesel to Bangladesh. That is why we turned down the offer,’ he added.
He informed that already a few consignments of diesel were supplied by India from its Nomaligarh oil refinery through railway network.
The consignments were received at Parbatipur oil depot in Dinajpur from Shiliguri oil depot of India, he said.
‘We will get the supply of diesel from India in the same process until the installation of pipeline network,’ he added.
Another senior BPC official informed that earlier also India had reached an agreement with BPC to supply diesel through river route from Shilghat port.
But it could not continue after supplying few consignments for various reasons, he also informed.
BPC annually imports over five million tonnes of fuel including 3 million tonnes of diesel, BPC officials said.
The supplier firms mainly belong to some foreign countries including Kuwait, the UAE, Egypt, Malaysia, China, Vietnam, Philippines and Indonesia, BPC officials informed.
BPC as the country’s lone importer and distributor of petroleum products gets the supply of refined petroleum products including diesel, octane, jet fuel, furnace oil and kerosene from abroad while imported crude is refined at the lone state-owned Eastern Refinery Ltd, officials said.

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