Bangladesh and China to Build Oil Pipeline
10/30/2017
Bangladesh has entered into an agreement with China for the construction of an 138-mile oil pipeline.
Under the terms of the agreement, storage tanks will be constructed on Bangladesh’s Moheshkhali Island, with Exim Bank of China providing the funding for the approximately $550-million project.
Currently, Bangladesh transports imported oil via ship-to-ship transfers onto small coastal tankers. Once finished, the project, which is expected to be completed by 2020, will save the country approximately $120 million annually.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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