DHAKA, Mar 15, 2024 (BSS) - With the government's sincere efforts, Single Point Mooring (SPM), a floating oil pipe that is set up on the deep sea, successfully pumped 40,000 MT of crude oil from Maheshkhali pumping station to Eastern Refinery Limited (ERL) safely and smoothly today.

According to a release issued by Deputy Information Officer of Power, Energy, and Mineral Resources Ministry Mir Aslam Uddin, the long cherished SPM project was commissioned through the transportation of the crude oil from Moheskkhali to ERL.

Earlier, the government installed an SPM pipeline facility to supply imported fuel on Moheshkhali Island, which will save at least Taka 800 crore per year.
 

“Bangladesh Petroleum Corporation (BPC) initiated the SPM project to carry fuel through pipelines from mother vessels quickly, which would also save Taka 800 crore per annum,” the State Minister for Power Energy and Mineral Resources told reporters earlier.

He said once the project is implemented, it will reduce oil pilferage and time for fuel oil supply across the country.

“The Awami League government, led by Prime Minister Sheikh Haisna, has instructed the SPM to unload imported crude oil from deep sea in a more efficient and time-saving manner. The SPM will also ensure energy security in the country,” Nasrul Hamid added.