Bangladesh on Sunday signed a long-term sales and purchase agreement with an Indian refiner to import gasoil to meet the country’s energy demand, officials said. Under the deal, BPC will take up to 250,000 tonnes of gasoil each year from NRL for the first three years of the deal to the BPC’s northern fuel depot via a 131km pipeline, which will be built by India. The import volume will be increased in line with demand, a senior BPC official said, adding the deal would come into effect when the pipeline is built. NRL already supplies a small volume to state-owned BPC for the country’s northern region. Bangladesh typically ships in around 3.2 million tonnes of diesel and 2.5 million tonnes of fuel oil annually.

Source: Dhaka Tribune October 22, 2017 14:48 UTC