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India and Bangladesh Enter into New Era of Petroleum Trade

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India and Bangladesh began a new era of petroleum trade with a special goodwill train loaded with High speed diesel from India to Bangladesh.

Flash points

  • The 42 wagon rail rake is loaded with around 2500 MT High Speed Diesel
  • It started off from Siliguri station to Parbatipur station over 516 kms
  • It is a symbolic gesture of friendship and cooperation that exists between India and BangladeshIndia and Bangladesh
  • This is the first major petroleum consignment from India
  • It is a part of the Sale-Purchase Agreement signed between NRL and Bangladesh Petroleum Corporation(BPC)
  • The agreement also includes joint initiative for construction of a 135 km long pipeline, with a capacity of 1 million Metric Ton per annum(MMTPA) from Siliguri to Parbatipur
  • Presently Bangladesh gets its imports from Chittagong port and the new agreement is cost effective for Bangladesh
  • The expansion of NRL refinery from 3 MMTPA to 9MMTPA will leave India enough stock to supply Bangladesh

Points to note

  • Minister of State for Petroleum and Natural Gas- Dharmendra Pradhan
  • NRL- Numaligarh Refineries Limited(NRL)
  • Minister of Power, Energy and Mineral resources, Government of Bangladesh– N.Hamid
  • High Commissioner of India to Bangladesh– H V Shringla