Bangladesh and China to Build Oil Pipeline

Bangladesh has entered into an agreement with China for the construction of an 138-mile oil pipeline.

Under the terms of the agreement, storage tanks will be constructed on Bangladesh’s Moheshkhali Island, with Exim Bank of China providing the funding for the approximately $550-million project.

Currently, Bangladesh transports imported oil via ship-to-ship transfers onto small coastal tankers. Once finished, the project, which is expected to be completed by 2020, will save the country approximately $120 million annually.


Related News


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}