Oil India Ensures Uninterrupted Diesel Exports to Bangladesh
Oil India, under the leadership of Chairman Ranjit Rath, has reported seamless operations in its diesel exports to Bangladesh. The company has successfully exported diesel without any payment issues, thanks to a secured letter of credit.
Currently, through its subsidiary Numaligarh Refinery Ltd (NRL), Oil India exports 0.1 million tonnes per annum (mtpa) of diesel to Bangladesh. This diesel is transported via a pipeline with an annual capacity of 1 million tonnes. It’s reassuring to note that there have been no transit problems encountered during these shipments.
NRL’s Refining Capacity Expansion Progressing as Planned
Under the ambitious refinery expansion project of NRL, the refining capacity at Numaligarh in Assam will be magnified from 3 mtpa to 9 mtpa. The project is well on track and progressing as per the initial plan. This development is great news for the energy sector and for Oil India.
To facilitate the expansion, over-dimensional cargoes required for the project are imported through Haldia port and transported across Bangladesh to Numaligarh. The company assures that these imports have smooth passage and there haven’t been any transit troubles.
Adani Group Seeks Assistance for Timely Payments in Bangladesh
Meanwhile, the Adani Group has sought assistance from Bangladesh’s new interim government to expedite payments for electricity supplied to the Bangladesh Power Development Board. This comes in the wake of the recent change in government in Bangladesh, which includes the removal of Prime Minister Sheikh Hasina.
The Adani Group’s proactive approach demonstrates its commitment to smooth operations and timely financial matters. This move showcases the importance of efficiency and cooperation between organizations to ensure the smooth functioning of industries.
NRL’s Ambitious Expansion Plans
NRL, driven by its expansion goals, aims to complete the increased refining capacity by December 2025. An additional six months will be required for stabilization before the refinery operations reach full efficiency.
As part of this expansion, a 1,635-km crude pipeline is being constructed to connect Paradip port to Numaligarh. This pipeline project is progressing well and is also set to be completed by December 2025. The completion of both the refining capacity expansion and the pipeline will pave the way for increased production and enhanced operations.
To facilitate its expanded refining operations, NRL anticipates an import rate of approximately 5.5 mtpa of crude oil. This increased efficiency in the company’s operations will contribute to the economy and the energy sector of Assam.
Overall, Oil India’s uninterrupted diesel exports to Bangladesh and the progress made in NRL’s refining capacity expansion project show the industry’s commitment to growth and efficiency. With advancements in infrastructure and supportive measures taken by organizations like the Adani Group, the energy sector is set for a prosperous future.
