India Bangladesh Relations : India To Export Diesel Cross Border Oil Pipeline To Bangladesh To Be Inaugurated By PM Modi Sheikh Haseena
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He said on Thursday, ‘The good news is that India will send us diesel, the pipeline is complete.’ He said that both the Prime Ministers would inaugurate the pipeline on March 18 through video conferencing. According to Bangladesh Petroleum Corporation (BPC) officials, India will export diesel through the 130-km India-Bangladesh Friendship Pipeline (IBFPL), built at a cost of about Rs 3.46 billion over the Indian Line of Credit (LoC). .
Pipeline extends up to 5 km in India
The pipeline extends 125 km inside Bangladesh territory and 5 km inside India. Till now Bangladesh used to import diesel from India through trains. Momen’s announcement was made last week on the sidelines of the G-20 Foreign Ministers’ meeting in New Delhi by India’s External Affairs Minister S. This has come a week after I spoke with Jaishankar. Momen said that India accorded high regard to the Bangladesh delegation during the G-20 Foreign Ministers’ meeting, which reflects the excellence of Dhaka-Delhi bilateral relations.
Bangladesh dependent on imports for fuel
Bangladesh is almost entirely dependent on imports for fuels such as diesel, gasoline, aviation fuel, kerosene and other petroleum. At present, it imports a large amount of petroleum from China. Experts have also given advice in this regard. He says that China is not an oil producing country. It imports oil from other petroleum producing countries and sells it to other countries after refining. If Bangladesh imports fuel directly from petroleum producing countries then its price will be less than China.
(with agency inputs)
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