Prime Ministers Sheikh Hasina, Modi to inaugurate first Bangladesh-India cross-border oil pipeline on March 18

Prime Ministers Sheikh Hasina, Modi to inaugurate first Bangladesh-India cross-border oil pipeline on March 18

Daily Current Affairs / Prime Ministers Sheikh Hasina, Modi to inaugurate first Bangladesh-India cross-border oil pipeline on March 18

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Category : International Published on: March 15 2023

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India's first-ever cross-border oil pipeline with Bangladesh is set to be launched on March 18 by Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina.
The 130-km-long Indo-Bangla Friendship Pipeline (IBFPL) pipeline is part of several bilateral measures to allow Bangladesh to tap into larger volumes of energy to meet its growing domestic demands.
The pipeline stretches 125 km inside Bangladesh's territory and 5 km inside India.
It would carry high speed diesel from Numaligarh Refinery Limited (NRL) in Assam.
Constructed at a cost of Rs 377.08 crore, the bilateral project has been financed by a grant in aid of Rs 285.24 crore by India and Rs 91.84 crore by NRL.
A long-term agreement was signed in 2017 to import diesel from India to Bangladesh through the pipeline, which stretches from West Bengal's Siliguri to a Meghna petroleum depot in Dinajpur's Parbatipur.

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