Thursday, 18 January, 2018, 4:05 AM
Home Back Page

5m tonnes diesel import from India gets go-ahead

Published : Thursday, 12 October, 2017 at 12:00 AM Count : 127

The Cabinet Purchase Committee on Wednesday approved a proposal to import a total of 5 million tonnes of diesel from India over a 15-year period.
The whole consignment of petroleum will come through a cross-border pipeline from India's Numaligarh refinery, located in Gloaghat in northeastern Indian state of Assam, while Bangladesh will receive it at Parbatipur petroleum fuel depot in northwestern district of Dinajpur.
The import will start after the construction of a 130-km cross-border pipeline named 'Indo-Bangla Friendship Pipeline' of which a 125-km one lies in Bangladesh.
Additional Secretary to the Cabinet Division Mustafizur Rahman, while briefing reporters on the issue, said the premium for per tonne of diesel was set at $5.92 and the price of the petroleum on the basis of price in the international market.
Officials at the Energy Division said Bangladesh now imports diesel with a premium of $4.4 per barrel from international market.
Official sources said though most part of the proposed 130-km pipeline lies in Bangladesh part, the Indian government will provide about Rs 303 crore as grants to build the pipeline in Bangladesh portion.
However, Bangladesh will build and operate the pipeline in its part while India will build and operate the pipeline in its portion. As per Indian condition to receive the grants, Bangladesh has to first sign a 'Sales & Purchase Agreement (SPA).     �UNB

« PreviousNext »

Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisement: 9513663
E-mail: info[at], news[at], advertisement[at],   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft