Pradhan talks energy with Bangladesh and Sri Lanka

India keen to set up a oil refinery in Sri Lanka ; exploration in Bangladesh

Pradhan talks energy with Bangladesh and Sri Lanka

Pradhan meets Dr. Tawfiq-e-Elahi Chowdhury, BB, Energy Adviser to PM of Bangladesh

In a bid to enhance its existing energy ties with Sri Lanka and Bangladesh, India’s Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan on February 6 held bilateral meetings with Dr. Tawfiq-e-Elahi Chowdhury, BB, Energy Adviser to PM of Bangladesh and Dr Anoma Gamage, Deputy Minister of Petroleum Resources Development of Sri Lanka in Bhubaneshwar, Odisha.

Chowdhury and Gamage are in India at the invitation of New Delhi to participate in the ceremony at Paradip where Prime Minister, Narendra Modi will be dedicating Indian Oil Corporation’s (IOC’s) Paradip refinery to the nation on February 7th.

Pradhan meets Dr Anoma Gamage, Deputy Minister of Petroleum Resources Development of Sri Lanka
Pradhan meets Dr Anoma Gamage, Deputy Minister of Petroleum Resources Development of Sri Lanka

During his meeting with the Energy Adviser of Bangladesh, Pradhan conveyed India’s commitment to work with Bangladesh to further bilateral cooperation in the energy sector. He discussed the investment proposals of various Indian oil companies in Bangladesh and said their early implementation would create a win-win situation for both countries.

Indian PSUs are interested in participating in petroleum sector of Bangladesh, including in exploration, refinery expansion and related PMC works. India is keen to set up marketing infrastructure in Bangladesh and has sought favourable consideration for transit of LPG to India’s North Eastern region through territory of Bangladesh.

In Sri Lanka, IOC’s subsidiary Lanka is keen to expand its wings in the in the retail business, bunkering and marketing of ATF and LPG.

During his meeting with the Sri Lankan Deputy Minister of Petroleum Resources Development, Pradhan discussed all these issues while reiterating India’s commitment to work with Sri Lanka to make Trincomalee a regional energy hub. India is keen to set up a refinery and bunkering operations in Sri Lanka.

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With the commissioning of the Paradip refinery, India would be once again in a position to export petroleum products to Bangladesh.

A note on IOC’s Paradip Refinery: Paradip refinery is IOC’s 11th Refinery (coming up at Paradip in Odisha). This refinery will help in meeting the burgeoning energy demands of the country. For better profitability, the refinery has been designed to process 100% high sulphur, including 40% heavy crude oil of low cost to produce various petroleum products like Petrol, diesel, kerosene, Aviation Turbine fuel, Propylene, Sulphur and Petroleum Coke..

Presently, Paradip Refinery will produce Motor Spirit and High Speed Diesel of BS-IV quality and later will switch to BS-VI quality to comply with the Auto Fuel Policy of the Government of India. The refinery is also designed to produce Euro-V premium quality Motor Spirit and other green auto fuel variants for export to advanced countries. Paradip Refinery has a unique INDMAX Unit technology, which is indigenously been developed by Indian Oil’s R&D Centre. The INDMAX Unit is designed to produce 44% LPG, the highest from such plants.