India-Bangladesh Friendship Pipeline

India-Bangladesh Friendship Pipeline

Recently, Prime Minister of India Mr. Narendra Modi and Prime Minister of Bangladesh, Mrs. Sheikh Hasina jointly inaugurated the 131 kilometer long India-Bangladesh Friendship Pipeline (India-Bangladesh Friendship Pipeline: IBFP) in virtual mode on 18 March 2023.

  • It may be noted that both the Prime Ministers had laid the foundation stone for the construction of this pipeline in September 2018.
  • Numaligarh Refinery Limited has been supplying petroleum products to Bangladesh since 2015. It is the second cross-border energy pipeline between India and its neighboring countries. Such cross border pipeline was laid between India and Nepal.
  • IBFP is the first cross border energy pipeline between India and Bangladesh.
  • The pipeline will transport 1 million metric tonnes per annum (MMTPA) of high-speed diesel (HSD) to Bangladesh.
  • This first cross-border friendship pipeline between the two countries has been built at an estimated cost of ₹377 crore, of which the Bangladesh portion of the pipeline costing about ₹285 crore has been borne by the Government of India under grant-in-aid.
  • The pipeline will carry fuel from the marketing terminal of Numaligarh Refinery Limited in West Bengal’s Siliguri to the state-run Bangladesh Petroleum Corporation’s (BPC) oil depot at Parbatipur town in Bangladesh’s Dinajpur district.
  • The custody transfer point will be at Banglabandha International Border Point in the suburbs of Siliguri. Bangladesh Petroleum Corporation will have the sole marketing rights within Bangladesh.

Source – PIB

Download Our App

More Current Affairs

Share with Your Friends

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilations

Related Articles

Youth Destination Facilities

Enroll Now For UPSC Course