Bangladesh signs Gas Oil deal with India
October 23rd, 2017
Bangladesh has signed a long-term sales and purchase agreement with an Indian refiner to import gas oil to meet the country’s energy demand. The deal between Bangladesh Petroleum Corp. (BPC) and Numaligarh Refinery Ltd (NRL) was signed in presence of India’s external affairs minister Sushma Swaraj, who arrived in Dhaka recently on a two-day visit to discuss bilateral issues. Under the deal, BPC will take up to 250,000 tonnes of gas oil each year from NRL for the first three years of the deal to the BPC’s northern fuel depot via a 131-km (79 mile) pipeline, which will be built by India.