China Petroleum Pipeline Engineering Co Ltd (CPPEC) has been chosen to operate and defend (O&M) Bangladesh’s first single level mooring (SPM) with double pipeline project.
The decision became authorized in thought on the sleek time (21 November) by the Advisors Council Committee on Economic Affairs (ACCEA), chaired by Finance Consultant Dr Salehuddin Ahmed.
The proposal, submitted by the Vitality and Mineral Sources Division, became authorized below the relate aquire manner (DPM).
Alternatively, meeting officials eminent that the detailed proposal became now not introduced for the length of the session. Elephantine particulars might perhaps be reviewed in the upcoming meeting of the Advisors Council Committee on Authorities Purchase.
The SPM, built on 90 acres of land in Maheshkhali upazila, Cox’s Bazar, is a govt-to-govt (G2G) initiative between Bangladesh and China, accomplished at a payment of Tk8,341 crore.
The utter-owned Bangladesh Petroleum Corporation (BPC) undertook the project to streamline the offloading of petroleum merchandise and their transportation thru pipeline.
The facility aspects a 36-inch-wide pipeline that transports vulgar oil from the mooring existing storage tanks at Kalamarchara in Matarbari. From there, the oil is moved 220 kilometers to the Eastern Refinery in Patenga, Chittagong, thru an 18-inch-wide pipeline. The total 110-km pipeline connects the deep-sea mooring existing the refinery.
In step with officials, the SPM will tremendously strengthen the efficiency of gasoline offloading, lowering the time required to switch imported petroleum from 11-12 days thru lighterage ships to factual forty eight hours. This transition is anticipated to connect approximately Tk800 crore every three hundred and sixty five days.
