IndianOil to set up LPG import terminal at Bangladesh port
New Delhi   19-Apr-2016

The agreement would help India use the Chittagong port for importing LPG and then transporting it to Tripura

Indian Oil Corporation (IOC) on Monday signed an agreement with Bangladesh Petroleum Corp (BPC) to set up LPG import terminal at Chittagong and lay a pipeline from there to Tripura.

The agreement would help India use the Chittagong port for importing LPG and then transporting it to Tripura through pipeline for use in northeastern states.

An MoU in this regard was signed during oil minister Dharmendra Pradhan's three-day visit to Bangladesh.

The minister reached Dhaka on Sunday to follow up on issues discussed during prime minister Narendra Modi's June visit.

The oil minister recently visited the UAE, Iran and Saudi Arabia and held discussions on strengthening energy ties.

In Bangladesh, the minister met Tawfiq-e-Elahi Chowdhury, energy, power and mineral resources adviser to Bangladesh prime minister Sheikh Hasina and minister of state for power, energy and mineral resources Nasrul Hamid.

At the meetings, he discussed modalities for sustainable supply of high-speed diesel from Siliguri marketing terminal of Numaligarh Refinery (NRL) to BPC's Parbatipur depot.

Status of Indian proposals that have been shared with the Bangladeshi side, including on setting up of hydrocarbon related infrastructure project in Bangladesh, setting up of LPG import terminal at Chittagong by IOCL and the Indo-Bangla friendship pipeline were also discussed.

The minister also briefed the Bangladesh side about the status of seismic survey being carried out by ONGC Videsh in offshore blocks allocated to it by Bangladesh.

Pradhan will travel to Chittagong on Tuesday where he is scheduled to witness the award of consultancy contract by Eastern Refineries to Engineers India for its expansion of refinery by 3 million tonnes per annum.

Featured in mydigitalfc.com on April 18, 2016.