Energy Bangla

The Executive Committee of the National Economic  Council (Ecnec) Tuesday approved the Installation of Single Point  Mooring with Double Pipe Line project with an outlay of Tk 49.35 billion  (4,935.97 crore), aiming to ensure smooth unloading of crude oil and finished  products.
The approval was given at the 15th Ecnec meeting of the current fiscal year held at the NEC conference room with Ecnec Chairperson and Prime Minister Sheikh Hasina in the chair. Now it takes 11 days to unload crude oil from mother vessels to the lighterage vessels in the bay, but, once the  project is implemented it would take only two days reducing the cost of doing business. Besides, he said, the tendency of pilferage would  also come down. Eastern Refinery Limited on behalf of the Bangladesh Petroleum Corporation under the Power, Energy and Mineral Resources Ministry will implement the Installation of Single Point Mooring (SPM) project by December 2018. Out of the estimated project cost, Tk 9.20 billion will come from the public coffer, Tk 1.13 billion from the organization’s own fund while Tk 39.03 billion as project assistance from Chinese EXIM Bank. The main objectives of the project are to ensure unloading of imported crude oil and finished products safely, easily and quickly at low cost, reducing the system loss in import of crude and finished  products through lighterage operation, keeping the balance between  the growing demand of energy and its supply, enhancing the petroleum  oil retention capacity through setting up of a diesel and crude oil  storage tank farm at Maheshkhali and increasing energy supply  security. Under the project, the Planning Commission official said, there will be establishment of SPM and Pipe Line End Manifold (PLEM), setting up of 220 kilometer pipeline, setting up tank farm and pump station at  Moheshkhali, setting of Supervisory Control and Data Acquisition  system, land acquisition and compensation, expert services, establishment of firefighting system and related works