CHATTOGRAM, Oct 09: The Bangladesh Petroleum Corporation (BPC) is implementing several large projects worth Tk 420 billion (Tk 42,000 crore) in different parts of Bangladesh aiming to ensure smooth supply of fuel oil in the country, officials said.
They said construction work of five big BPC projects started last year.
Of the projects, implementation work of Single Point Mooring (SPM) project which will ensure the supply of oil directly from the ships at Outer Anchorage of Chittagong Port through pipelines to Eastern Refinery Limited (ERL), is progressing fast.
Work on four other large projects - Kurmitola-Kanchan Bridge project, Dhaka-Chattogram Pipeline Project, JET-A-1 Pipeline project at Rupganj, the second unit of the ERL project and India-Bangladesh Moitree Project is also going on in full swing.
All these projects are likely to be completed within the next three years.
The officials said oil supply by BPC across the country will be smoother than now once the projects are implemented. The cost of oil supply will decrease be considerably after the projects go into full operation.
They also said, the BPC has taken steps to modernise the supply and weighing of oil.
The operational activity at all depots under the state-owned oil distribution company is going for automation, they informed. The system loss will be substantially reduced after the automation system installed in all depots, they said.
Sources said, the BPC will also take projects to implement automated payment system of prices of fuels. The corporation will collect the dues from Padma, Meghna, Jamuna and SAOCL in this financial year, said the sources. It has already collected Tk 7.5 billion (Tk 750 crore) in this fiscal year.
A high official at the BPC told this correspondent, the corporation has earned a profit of around Tk 10 billion (Tk 1,000cr) during current fiscal year.
As per organogram of the corporation, the BPC currently it needs 5,000 employees to run its activities across the country. But it has employed only 4,500 people at present to operate its work.
Despite the shortage of manpower, the BPC is increasing its service both in quality and volume, said the official. A training centre has been set up by the BPC at Joy Hills in Chattogram city to increase the skill of its officials and staff, he added.
BPC Chairman Shamsur Rahman said after implementation of the projects, the oil supply in the country will be faster and easier. The BPC will successfully collect all outstanding bills and other arrears, he said.
Profit of the corporation will also increase in near future, he hoped.
"The BPC has earned more in the current year than it did in the past years," he added.