Indian petroleum minister visits Bangladesh to fuel energy ties

Last updated: April 18, 2016

Dhaka, Bangladesh (BBN)-After visiting oil-rich Gulf nations, Petroleum Minister Dharmendra Pradhan on Sunday reached Dhaka on a three-day visit to push for Indian state-owned firm setting up a liquefied petroleum gas (LPG) terminal in Bangladesh and a pipeline to export liquid fuel.
The visit from April 17-19 “is aimed at following up on the ambitious agenda set between India and Bangladesh during the visit of Prime Minister Narendra Modi to Bangladesh in June last year,” an official statement said, reports the PTI.
On arrival in Dhaka, Pradhan called on Bangladesh Prime Minister Sheikh Hasina to discuss bilateral issues pertaining to the hydrocarbon sector.
He referred to the supply of 2,200 tonnes of diesel from Siliguri Marketing Terminal of Numaligarh Refinery Ltd to Parbatipur Depot of Bangladesh Petroleum Corporation (BPC) in Bangladesh and said that India was planning to continue supply of high-speed diesel in a sustainable manner.
“He noted the ongoing collaboration between companies from both countries in the hydrocarbon sector ranging from trade in petroleum products, exploration work and consultancy services,” the statement said.
He shared details of Indian hydrocarbon infrastructure project proposals in Bangladesh, including setting up of LPG import terminal at Chittagong by Indian Oil Corporation Ltd (IOCL) and sought favourable consideration for creating win-win situation for both sides.
Pradhan also discussed the Indo-Bangla Friendship Pipeline and called it an important project for both countries.
During his stay in Bangladesh, Pradhan will meet Tawfiq-e-Elahi Chowdhury, advisor on energy, power and mineral resources to the Prime Minister and Nasrul Hamid, minister of state for power, energy and mineral resources of Bangladesh.
On Monday, he will witness signing of a MoU of cooperation in downstream oil and gas sector opportunities in Bangladesh between IOCL and BPC.
He will also visit Chittagong on Tuesday to witness award of contract by Eastern Refineries Ltd to Engineers India Limited as project management and consultant for its three-million tonnes refinery expansion project.
The minister had last week visited Iran, UAE and Saudi Arabia to further bilateral energy ties.
BBN/SK/AD

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram