MoU signed between NRL & BPC to export petroleum products through IBFPL pipeline
A Memorandum of Understanding (MoU) was signed between Numaligarh Refinery Limited (NRL) and Bangladesh Petroleum Corporation (BPC) to export petroleum products to Bangladesh.
It was signed by General Manager (Planning and Development) of BPC, Mustafa Qudrat-I-Elahi and NRL’s General Manager (Marketing and Business Development) Bruno Ekka in Dhaka, Bangladesh.
The MoU seeks to provide cooperation in export of petroleum products from NRL’s marketing terminal in Siliguri, West Bengal to BPC’s depot at Parbatipur in Bangladesh.
The petroleum products will be exported through the proposed Indo-Bangla Friendship Pipeline (IBFPL) of 130 km length and capacity of one Million Metric Tonne Per Annum (MMTPA).
The IBFPL pipeline will be implemented through a joint venture (JV) company formed by NRL and Bangladesh Petroleum.
Categories: Business & Economy Current Affairs 2017