Indian Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina are set to virtually inaugurate the first-ever cross-border oil pipeline between India and Bangladesh. The pipeline, which runs from Siliguri in West Bengal to Parbatipur in northern Bangladesh, will transport diesel to Bangladesh and is expected to enhance energy security and bilateral cooperation between the two nations.
Introduction:
The India-Bangladesh cross-border oil pipeline project is a significant infrastructure development that will connect Siliguri in West Bengal, India to Parbatipur in Dinajpur district of Bangladesh. The pipeline will transport high-speed diesel from India to Bangladesh and will help to meet the growing energy demand in Bangladesh.
The virtual inauguration of the India-Bangladesh cross-border oil pipeline was jointly done by Indian Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina on September 5, 2021. This marks a significant step forward in strengthening bilateral ties between the two neighboring countries and promoting regional cooperation.
The 130-km pipeline has been built by the Numaligarh Refinery Limited (NRL) of India at a cost of around $129 million. The pipeline has a capacity of 1 million metric tons per annum (MMTPA) and will transport high-speed diesel from the NRL refinery in Assam to the state-owned Bangladesh Petroleum Corporation (BPC) depot in Parbatipur.
This project is expected to bring many benefits to both India and Bangladesh. It will help to reduce transportation costs, decrease transit time, and promote energy security in Bangladesh. The pipeline will also help to reduce carbon emissions by replacing road transportation of fuel with a more efficient and environmentally friendly pipeline transportation system.
Overall, the India-Bangladesh cross-border oil pipeline is a significant infrastructure development that will benefit both countries and promote regional cooperation.
Motive and Future Prospect of cross Border pipeline :
The first India-Bangladesh cross-border oil pipeline is a significant development for both countriesThe pipeline will transport petroleum products from India to Bangladesh, strengthening energy cooperation and enhancing connectivity between the two countries.
From Prime Minister Modi’s perspective, the inauguration of this pipeline reflects his government’s commitment to enhancing India’s ties with its neighboring countries. It also represents a key step towards implementing India’s “Neighborhood First” policy, which aims to deepen regional integration and cooperation in South Asia. The pipeline will also contribute to India’s energy security, as it will provide a reliable and cost-effective way to transport petroleum products to Bangladesh.
For Prime Minister Hasina, the pipeline is an important milestone in her government’s efforts to expand Bangladesh’s energy infrastructure and diversify its sources of energy. The pipeline will help to reduce Bangladesh’s dependence on imported oil and provide a more secure and sustainable supply of petroleum products.
the virtual inauguration of the India-Bangladesh cross-border oil pipeline is a positive development for both countries, as it will enhance their economic and strategic cooperation. It also reflects their shared commitment to regional integration and connectivity, which is critical for the long-term stability and prosperity of South Asia.
Conclusion :
In conclusion, the inauguration of the India-Bangladesh cross-border oil pipeline is a positive development for both countries and marks an important milestone in their relationship. It is a testament to the strong ties between India and Bangladesh and demonstrates their commitment to working together for mutual benefit.