Indian Oil

NEW DELHI: Flagship refiner-marketer IndianOil Corporation has inked an MoU with Bangladesh Petroleum Corporation to examine the possibility of jointly working on setting up a LPG (liquefied petroleum gas) import terminal at Chittagong port and other downstream infrastructure in that country.

According to an oil ministry statement, the MoU was signed in the presence of oil minister Dharmendra Pradhan who is on a three-day visit to Bangladesh with a view to lending an impetus to bilateral energy ties initiated during PM Narendra Modi’s June 2015 visit.

The minister’s discussions with Bangladesh authorities focused on laying a Chittagong-Tripura pipeline through that country for supplying part of the imported LPG to India’s northeast region and supplying diesel from Numaligarh Refinery to Parbatipur in Bangladesh.

Bangladesh is also signing up Indian engineering consultancy firm Engineers India Ltd as consultants for expansion of the Eastern Refinery. Bangladesh was also updated on the seismic survey being carried out by ONGC Videsh Ltd –in offshore blocks allotted by Dhaka.