Numaligarh Refinery Limited (NRL) and the Inland Waterways Authority of India on Thursday signed an MoU to transport petroleum products of the Assam-based company to Bangladesh.
The collaboration was done to supply such products through IWAI’s advanced jetty at Jogighopa in Assam, an official said.
NRL envisages to export 200 thousand metric tonnes of products per annum to Bangladesh through Jogighopa Jetty, after the commissioning of its expanded refinery and petrochemical plant.
The MoU was signed here by NRL Chief General Manager (Marketing) Subrata Das and IWAI Director A Selva Kumar in the presence of Union Minister for Shipping Sarbananda Sonowal and Union Minister of State for Petroleum and Natural Gas Rameshwar Teli.
Speaking on the occasion, Sonowal said that the collaboration between NRL and IWAI is expected to give a boost to the Centre’s ‘Gati Shakti’ initiative and ‘Act East Policy’.
The NRL official said that after the inauguration and commissioning of the ‘India-Bangladesh Friendship Pipeline (IBFPL)’ earlier this year, the neighboring country is keen to cooperate in fuel transportation to northern Bangladesh through waterways, especially in winter. Is.
The petroleum company is currently implementing a project to expand its refinery from three to nine MMTPA at an approved cost of over Rs 28,000 crore, which is targeted for completion by early 2025.
NRL and IWAI had signed an MoU in 2021, to transport goods through sea routes using national waterways. The first such consignment was received by Sonowal at a ghat near Numaligarh in June this year.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content was auto-generated from a syndicated feed.)
first published: 24 August 2023 | 6:32 PM First