PM Hasina, Modi to open cross-border oil pipeline on March 18

Foreign Minister Dr AK Abdul Momen on Thursday said Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi would jointly open the maiden cross-border oil pipeline on March 18 for diesel transportation to Bangladesh. “Good news is India will send us diesel, the (Oil) pipeline has been completed,” he told reporters at a briefing at the Ministry of Foreign Affairs. He added: “The two premiers will inaugurate the pipeline on March 18 (through video conferencing)”. Momen's announcement came a week after he held talks with India's external affairs minister Dr S Jaishankar in New Delhi on the sidelines of the G20 Foreign Ministers' Meeting last week. According to Bangladesh Petroleum Corporation (BPC) officials, India would export diesel through the 130-km India-Bangladesh Friendship Pipeline (IBFPL), built at a cost of around ₹3.46 billion drawn from the Indian line of credit (LoC). The pipeline stretches 125-km inside Bangladesh territory and 5-km inside India while the two premiers joined the ground-breaking ceremony for the IBFPL in September 2018 through video conferencing.

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