India-Bangladesh PM to inaugurate first cross-border oil pipeline on March 18

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Indian Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina will jointly inaugurate the first cross-border oil pipeline between the two countries on March 18. Both the leaders will inaugurate this pipeline through video conference.

Bangladesh Foreign Minister AK Abdul Momen told that diesel will be brought here through this pipeline. “The two leaders will inaugurate the pipeline (via video conference) on March 18,” Momen told a press conference on Thursday, according to Bangladesh’s official news agency BSS.

The report quoted Bangladesh Petroleum Corporation officials as saying that India will export diesel to Bangladesh using the 130-km-long India-Bangladesh Friendship Pipeline (IBFP). With the loan assistance of India, this pipeline has been prepared for about 3.46 billion rupees.

Momen said, ‘It is good news that India will give us diesel. The pipeline is ready. According to news portal bdnews, a long-term agreement was reached in 2017 to import diesel through pipeline from India.

The pipeline runs from Siliguri in West Bengal to Meghna Petroleum Depot at Parvatipur in Dinajpur. The report said that the bilateral project, which started in March 2020, was earlier to be completed by June, 2022, but was delayed due to the Covid pandemic.

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