Cross Border Oil Pipeline between India-Bangladesh
Prime Minister Sheikh Hasina has said that her country’s first cross-border oil pipeline with India will play a vital role in ensuring fuel security in Bangladesh at a time when the world was facing a serious energy crisis due to the Ukraine war.
Hasina said this while virtually inaugurating with her Indian counterpart Narendra Modi the 131. 5-km Bangladesh-India Friendship Pipeline on Saturday. Terming India a true friend of Bangladesh, Hasina said she wanted this friendship to remain intact.
The pipeline costing Rs 377 crore is part of energy sector cooperation between the two neighbouring countries through which Bangladesh will import petroleum, especially diesel from India. When many countries across the world are on the verge of a fuel crisis due to the Russia-Ukraine war at that time this pipeline will play a vital role in ensuring the fuel security of our people.
Were importing 1160MW of power from India. Some more regional and bilateral initiatives in the power sector are under implementation. Our cooperation to this end will be deep-rooted in the days to come, she added. We will work jointly in the national and international arena.
The historic and geographical bond will further consolidate the relations between Bangladesh and India, she said. Hasina also invited Indian investors to invest in her country. Modi also spoke at the event joining from his office. The pipeline will start a new chapter in India-Bangladesh relations. The pipeline will aid faster development of Bangladesh and will be an excellent example of increasing connectivity between the two countries.
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