April 28, 2014 [The Financial Express] - A tender for setting up of 14 petroleum storage tanks at a cost of Tk 1.45 billion in Mongla Port area is likely to be considered by the Cabinet Purchase Committee soon.
Once the tanks are built, the storage capacity of the state-owned Bangladesh Petroleum Corporation (BPC) will increase by 100,000 tonnes, according to a news agency.
BPC chairman Yunusur Rahman said the storage tanks will also provide it an alternative fuel storage arrangement alongside its existing storage in Patenga in Chittagong port areas.
“This project will reduce country’s dependence on the sole fuel storage in Chittagong,” he told UNB adding that this project will also help facilitate the smooth supply of petroleum fuel to the country’s southwestern and northern regions.
“We can easily reach petroleum fuel to Khulna and Rajshahi regions from the proposed storage at Mongla Port,” he added.
He said BPC has selected a firm for the project and its proposal was forwarded to the Energy Ministry three months ago for the Cabinet Purchase Committee’s approval.
