The international oil pipeline, with a capacity of one million metric tonnes per annum (MMTPA), will receive INR 91.84 crore for the India portion of the pipeline, while an additional INR 285.24 crore is being funded by the Indian government for the Bangladesh portion.
The Indo-Bangla Friendship Pipeline (IBFPL), with a length of 130 km and constructed at INR 377.08 crore, is expected to be commissioned in February. The fuel will be carried by the international oil pipeline, IBFPL, from Assam-based Numaligarh Refinery Limited’s (NRL) marketing terminal at Siliguri in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC). The initiation ceremony for the 130-km IBFPL was held in September 2018, with the Prime Ministers of India and Bangladesh present through video conferencing.
The total project cost for construction of the IBFPL is INR 377.08 crore. Out of this, NRL’s investment is INR 91.84 crore for the India portion of the pipeline, while the remaining INR 285.24 crore for the Bangladesh portion is being funded by the Indian government as grant-in-aid. Indian Prime Minister Narendra Modi in his meeting with Hasina in 2017 had agreed to finance this pipeline with a capacity of one million metric tonne per annum (MMTPA). A recent report states that Bangladesh will start importing gas and oil from NRL later this year.