India-Bangladesh friendship pipeline (IBFPL)
Bangladesh and India both share healthy trade relations. As per the Bangladesh customs data , Indian exports to Bangladesh were around 16 billion US Dollars in 2022. On the other hand, there were around 2 billion US Dollars exports from Bangladesh according to the Bangladesh export data reports. Crude Oil is among the most traded goods from India to Bangladesh. Our Bangladesh import export data suggest that around 7.5 million metric tons of crude oil is imported from India to Bangladesh. There was around 18% increase in crude oil imports of Bangladesh. To support easy flow of crude oil across the country, India and Bangladesh have laid a cross border oil pipeline. It is a 136 km long gas oil pipeline to support flow of crude oil from India to Bangladesh. As per the Bangladesh import data , crude oil imports from Bangladesh from India were 2200 million metric tons per month. The Top Crude Petroleum Oil exporting companies to Bangladesh are Kuwait Petroleum Corporation, China’s P...