Tk 10b deep sea pipeline on cards

http://www.theindependentbd.com/business/finance/71451-tk-10b-deep-sea-pipeline-on-cards.html

Tk 10b deep sea pipeline on cards
Author / Source : NURUL AMIN

CHITTAGONG, SEPT 20: Bangladesh Petroleum Corporation is going to set up a 77-kilometre long deep sea pipeline to pump in petroleum from mother vessels to its refinery at a cost of Tk 954 crore.

The deep sea pipeline, from Kutubdia island in the Bay of Bengal in Cox’s Bazar district to Eastern Refinery in Chittagong port area, would be implemented with financial assistance from Islamic Development Bank (IDB). IDB has agreed to provide Tk 904 crore and the rest  will be spent from the fund of the state-owned organisation, according to sources. The sources said the tendering process for the project of installing a deep-sea pipeline and a single point mooring (SPM) at south-west of Kutubdia island will begin in January next.

A German based consulting firm, ELF Consulting and Engineering Service, has been appointed in July for setting up the 36-inch pipeline through the deep sea for transporting oil from mother vessel oil tankers in deep sea to shore.

The consulting firm will take around 29 months to complete its designated job for the project, said Reazul Alam, managing director of Eartern Refinery Ltd.

The consultancy firm’s jobs include preparation of Front End Engineering Design (FEED) document, the data collection, surveying and technical analysis for Met Ocean data and hydrographic data.

The proposed pipeline from deep sea will save both time and money of the government as it will help unload crude and refined petroleum from the vessels in the deep sea without berthing in the port.

In the existing system, big ships usually anchor at deep sea from where lighter vessels receive the imported crude and refined petroleum to carry to the Eastern Refinery. It takes 12-15 days in the whole process.

But when the SPM will be set up with underground pipeline, it will take just 24-48 hours.

The BPC officials claimed that after commissioning the deep sea pipeline, Tk 116 crore will be saved annually.

Currently, the government imports 3.8-4 million tonnes of crude and refined petroleum fuel annually. Of these, around 1.2 million tonnes are refined in the country’s lone refinery, Eastern Refinery Ltd.  The domestic requirement of petroleum is likely to rise significantly when a number of fuel-fired power plants will be set up in a couple of years.

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