Government Policy

INDIA, BANGLADESH INAUGURATE $48 MILLION OIL PIPELINE PROJECT

India and Bangladesh on Tuesday inaugurate the construction of a 130km oil pipeline capable of carrying an annual capacity of one million tonnes.

Construction of the pipeline is slated for completion in 30 months at an estimated cost of 3,460 million rupees (about US$48 million). The pipeline will cover about 125km in Bangladesh's territory.

It will connect Siliguri city in the Indian state of West Bengal and Parbatipur subdistrict in Bangladesh.

The project will be implemented by Numaligarh Refinery Ltd on the Indian side, while Bangladesh Petroleum Corporation will manage the Bangladeshi portion of the pipeline.

It will supply diesel from Siliguri Marketing Terminal of Numaligarh Refinery to Bangladesh.

Source: NAM NEWS NETWORK