Framework Agreement has been signed between Bangladesh and China, on 29 October ' 17 at ERD, Ministry of Finance, to provide financing by China for the project titled "Installation of Single Point Mooring (SPM) With Double Pipeline" (@ Moheshkhali, Cox'sbazar) taken Bangladesh Petroleum Corporation (BPC). Crude oil and diesel will be unloaded directly from large oil tankers through modern system using subsea pipeline, with fast, smooth and cost effective manner, instead of old system. It will save about 80-85 million US dollar per year after implementation of SPM project and ERL Unit -2 project.
Secretary, Economic Relations Division ( ERD) and His Excellency Ambassador of China in BD signed in the agreement on behalf their respective countries. Hon'ble State Minister for Ministry of Power, Energy and Mineral Resources and Chairman, BPC were present in the Signing Ceremony.