International News

IOCL signs MoU with Bangladesh for emergency supply of petroleum goods

By: helloscholar news team

Date:

The Indian Oil Corporation Limited (IOCL) signed an MoU with the Bangladesh Roads and Highways department in Dhaka for the emergency supply of petroleum goods via Bangladesh territory to India.

This is an interim set up to facilitate urgent supply of petroleum products due to damage caused by the flood in Assam this year.

The petroleum tankers will enter from Meghalaya and will go to Tripura crossing through the Bangladesh territory. The IOCL will bear all the administrative fees, charges and local taxes including road usage fee for use of the Bangladeshi territory.

The Ministry of Foreign Affairs (MoFA) of Bangladesh in a statement said that the MoU has been signed in a spirit of good neighbourly relations to allow Indian vehicles for transportation of the fuel from Assam to Tripura by Road which has been severely disrupted due to the recent floods in Assam and Tripura.

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