Bangladesh to enter new era in oil import with single point mooring

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Country’s system of importing fuel oil will enter a new dimension within this year when Single Point Mooring (SPM) will be used to offload fuel oil from mother vessels, that will save at least Tk 8 billion (Tk 800 crore) per annum, reports news agency UNB.


This SPM will make the country’s energy management system more economical, sustainable and environment friendly, said project officials.


“The SPM project will be commissioned by this year as 95 per cent of its works is already complete. Separate test runs of the project have already been done,” project officer Monjed Ali Shanto told reporters on Thursday.

While briefing reporters at the site of the SPM project, he said that it will take only 48 hours to transfer the imported petroleum from the mother vessel to storage tanks whereas currently it takes 11 to 12 days through lightering.


No lighterage would be required to carry fuel from mother vessel, which is now moored at the outer quay, after implementation of the project, he said.


The SPM was built on over 90 acres of land under a G2G project of Bangladesh and China at a cost of Tk 83.41 billion (Tk 8341 crore) at Maheshkhali Upazila in Cox’s Bazar.

Once the SPM goes into operation, around Tk 8 billion (Tk 800 crore) will be saved annually by cutting the carrying cost of petroleum products from outer anchorage to fuel tanks,” Monjed said.


Officials said that there are three tanks with storage capacity of 180,000 kilolitre crude oil and three tanks with 108,000 kilolitre furnished oil.


A 15-kilometre long pipeline has already been installed from land up to deep sea to directly unload imported petroleum oil to the SPM.


The SPM has the capacity of unloading 9 million metric ton every year.


A 120-kilometre pipeline was also built from the SPM project to Eastern Refinery Limited (EFL) to treat the crude oil.

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