India Signs LPG MoU with Bangladesh

Indian Oil Corporation (IOCL) and Bangladesh Petroleum Corporation (BPC) have signed a memorandum of understanding (MoU) on broad aspects of cooperation in downstream oil and gas sector opportunities in Bangladesh.

The MoU paves the way for discussion on setting up LPG import terminal at coastal belt of Chittagong district, marketing of LPG and developing related infrastructure in Bangladesh, transportation LPG from Chittagong to Indian city of Tripura and any other form of hydrocarbon sector related cooperation of common interest as may be agreed by IOCL and BPC, India’s oil ministry said in a statement on Monday.

The MoU was signed during Indian oil minister Dharmendra Pradhan’s visit to Bangladesh from 17th to 19th of April.

Pradhan met Tawfiq-e-Elahi Chowdhury, Adviser on Energy, Power and Mineral Resources to the Prime Minister of Bangladesh and Nasrul Hamid, Minister of State for Power, Energy and Mineral Resources of Bangladesh.