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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