Bangladesh PM Hasina and PM Modi to virtually inaugurate first Bangladesh-India cross-border oil pipeline on March 18

The pipeline stretches 125 km inside Bangladesh's territory and 5 km inside India.

Bangladesh Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi will jointly inaugurate the maiden cross-border oil pipeline between the two countries on March 18 for diesel transportation to this country, Bangladesh's foreign minister has said.

Speaking at a Ministry of Foreign Affairs press conference in Dhaka on Thursday, Foreign Minister Dr AK Abdul Momen said, “The two premiers will inaugurate the pipeline on March 18 (through video conferencing),” the country's official news agency BSS reported on Thursday.

Delhi would use the 130 km India-Bangladesh Friendship Pipeline (IBFP), built from approximately Rs 3.46 billion, drawn from the Indian Line of Credit (LoC), to export diesel to Dhaka, Bangladesh Petroleum Corporation officials were quoted as saying in the report.

"Good news is India will send us diesel. The pipeline has been completed,” Mr. Momen said.

A long-term agreement was signed in 2017 to import diesel from India to Bangladesh through the pipeline, which stretches from West Bengal’s Siliguri to a Meghna petroleum depot in Dinajpur’s Parbatipur, the BDNews news portal reported.

The bilateral project launched in March 2020 had an initial deadline of June 2022 that was pushed back another year due to complications from the COVID-19 pandemic, the report added.

The pipeline stretches 125 km inside Bangladesh's territory and 5 km inside India.