Tuesday, 18 June, 2024, Reg No- 06
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SPM likely to be handed over to BPC on June 22

Published : Tuesday, 23 April, 2024 at 12:00 AM  Count : 264

CHATTOGRAM, Apr 22: The project styled Installation of Single Point Mooring (SPM) with Double Pipeline is expected to be handed over to the Bangladesh Petroleum Corporation (BPC) on June 22 next.

The appointed contractor of the project, China Petroleum Pipeline Engineering Co Ltd (CPPEC) is likely to hand over the project in June next, said Engineer Sharif Hasnat, Director of the project. In order to operate the project, BPC has already constituted a new company named Petroleum Transmission Company (PTC), Sharif said. PTC will be solely responsible for operation of the SPM and the pipeline, he said.

The PTC has been formed on the model of Gas Transmission Company Limited (GTCL), a gas transmission pipeline construction and maintenance company under Petrobangla.  BPC has approved Petroleum Transmission Company (PTC-PLC) as a private limited company. According to BPC sources, this project has been undertaken to save cost and time in clearing imported liquid fuel.  The cost of the project has been estimated at Tk 8,298 crore that has already been completed.

The contractor has also completed the test run of the SPM and the pipeline, Sharif Hasnat said. BPC has formed PTC-PLC for operation and maintenance of these pipelines.

The transmission of petroleum products including crude and diesel through under-sea pipeline from Matarbari Storage Station to the storage tank of Eastern Refinery Limited (ERL) is expected to begin from July next, according to BPC sources. The pumping of both crude oil and diesel through the 94 km long pipeline has been successfully completed.

The distance of SPM to storage tanks in Matarbari is 16 km offshore while the distance from Matarbari Storage tanks to ERL tanks is 94 km totalling of 110 km long pipeline.

Of the total 110 km long pipeline includes 73 km is on-shore while 37 km is offshore from SPM to ERL site.

Bangladesh Government has taken the project of the installation of Single Point Mooring (SPM) and 110 km long double pipeline from the Matarbari to the Eastern Refinery Limited.

The main objectives of the project are to ensure unloading of imported crude oil and finished products including diesel with ease, with low cost and in short time, reducing the system loss in import of crude and finished products through lighterage operation, keeping balance between the growing demand of energy and its supply, enhancing the petroleum oil retention capacity through setting up of six diesel and crude oil storage tanks at Moheshkhali and increasing energy supply security.

The BPC sources said, with its installation, a total of taka 800 crore will be saved annually.

At present, the country imports nearly 80 million tons of crude and refined petroleum fuel to meet the annual demands. Of them nearly 1.2 million tons are refined in ERL, the only refinery of the country.

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