Bhubaneswar, Feb 7: India is keen to establish refinery and bunkering operations in Sri Lanka, Petroleum Minister Dharmendra Pradhan said on Saturday and hoped the country will once again be in a position to export petroleum products to Bangladesh with the commissioning of Paradip refinery.
The minister stated this during bilateral meetings with Tawfiq-e-Elahi Chowdhury, Energy Adviser to Bangladesh Prime Minister Sheikh Hasina and Anoma Gamage, Deputy Minister of Petroleum Resources Development of Sri Lanka here.
Both were here to participate in a ceremony at Paradip where Prime Minister Narendra Modi would be dedicating the Indian Oil refinery to the nation Sunday.
During his meeting with the Energy Adviser of Bangladesh, Pradhan conveyed India’s commitment to work with the neighbouring country to further advance bilateral cooperation in the energy sector.
On investment proposals of Indian oil companies in Bangladesh, he said their early implementation would create a win-win situation for both countries and sought cooperation from the Bangladesh government.
With the commissioning of Paradip refinery, Pradhan said India would be once again in a position to export petroleum products to Bangladesh.
In this regard, he expressed India’s keenness in setting up marketing infrastructure in Bangladesh. He also sought favorable consideration for transit of LPG to India’s Northeastern region through Bangladesh and noted that Indian PSUs were interested in participating in Bangladesh’s petroleum sector, including exploration, refinery expansion and related PMC works. Pradhan also appreciated Bangladesh’s support in implementation of Indian projects.
During his meeting with the Sri Lankan Deputy Minister of Petroleum Resources Development, Pradhan discussed issues such as expansion activities of Lanka IOC, in Sri Lanka, including in the retail business, bunkering and marketing of ATF and LPG. Lanka IOC is a subsidiary of Indian Oil Corporation (IOC).
Pradhan reiterated Prime Minister Narendra Modi’s commitment to work with Sri Lanka to make Trincomalee a regional energy hub. Expressing India’s interest in establishing refinery and bunkering operations in Sri Lanka, Pradhan exuded confidence that both Sri Lanka and India would work in a spirit of partnership in the hydrocarbon sector.
