On November 22, 2024, Bangladesh’s Advisory Council Committee on Economic Affairs approved in principle the operation and maintenance of the country’s first Single Point Mooring (SPM) with a double pipeline project under the direct purchase method (DPM). The Energy and Mineral Resources Division submitted the proposal, but detailed specifics will be reviewed during the upcoming Advisory Council Committee on Government Purchase meeting. The project, a Tk8,341 crore government-to-government initiative with China, spans 90 acres in Maheshkhali, Cox’s Bazar, and aims to enhance petroleum offloading efficiency.
The state-owned Bangladesh Petroleum Corporation developed the SPM to expedite petroleum transportation. The facility includes a 36-inch pipeline from the deep-sea mooring to Matarbari and an 18-inch pipeline transporting oil 220 km to Chittagong. The system cuts petroleum offloading time from 11–12 days to 48 hours, potentially saving Tk800 crore annually, while covering an 110-km stretch to Eastern Refinery, ensuring faster and cost-effective operations.
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