Chittagong Bureau :
Lub-rref (Bangladesh) Limited has taken initiative to setup one tank terminal having one hundred thousand metric ton capacity along with a berth operating jetty at Julda Moaza across the Karnaphuli River in Chittagong.
This facility will be one of the biggest of its kind in Bangladesh and it will be treated an independent storage terminal where customers can store and transship several types of petroleum oils and fuels, CDSO and Chemicals.
In this context, a contract signing ceremony was held between Lub-rref (Bangladesh) Limited and Western Marine Services Limited (WMSL) on Wednesday in the Mezbaan Hall-I & II (Level-I) of the Radisson Blue Chittagong Bay View, Chittagong.
Eng. Ali Ahmed, Ex-President Chittagong Chamber of Commerce & Industries, Eng. Enamul Baqui Ex-Managing Director Chittagong Dry Dock, Mr. Moniruzzaman, Chairman, NRB Equity Management Ltd. & Ex-Chairman, BASIC were present as a special guests. Captain Sohail Hasan-Chairman WMSL, Md. Sakhawat Hossain-Vice Chairman WMSL, Abu Md. Fazle Rashid, Managing Director WMSl, Mr. Mohammed Yousuf-Managing Director Lub-rref (Bangladesh) Ltd. Other high officials and distinguished guests were also present.
The Tank Terminal and Jetty will be constructed as per API-650 code and State-Of-The-Art green and safe technology will be adopted in the operation. The Jetty will be capable of berthing 10-15 thousand MT capacity Marine Vessels having both land & river connectivity for storage, loading & unloading of Petroleum, CDSO & chemical products.
In his speech Mr. Mohammed Yousuf, Managing Director of Lub-rref (Bangladesh) Limited expressed his excitement and hope that through this project utilization of the scarce river side land will be optimized, Country’s fuel & oil storage capacity will be further enhanced, balancing between supply & demand for fuel & oil trade, saving substantial foreign exchange, provide employment opportunity, reduce distribution & storage cost for liquid fuel based power plant. Over and above, the Tank Terminal facility will help reduce the cost of working capital for those who are currently importing in small scale and paying instant duty and taxes.
He also solicited cooperation of all specially power Generation Company, Blending plants, Refineries and those who are already engaged in the similar business.
Lub-rref (Bangladesh) Limited has taken initiative to setup one tank terminal having one hundred thousand metric ton capacity along with a berth operating jetty at Julda Moaza across the Karnaphuli River in Chittagong.
This facility will be one of the biggest of its kind in Bangladesh and it will be treated an independent storage terminal where customers can store and transship several types of petroleum oils and fuels, CDSO and Chemicals.
In this context, a contract signing ceremony was held between Lub-rref (Bangladesh) Limited and Western Marine Services Limited (WMSL) on Wednesday in the Mezbaan Hall-I & II (Level-I) of the Radisson Blue Chittagong Bay View, Chittagong.
Eng. Ali Ahmed, Ex-President Chittagong Chamber of Commerce & Industries, Eng. Enamul Baqui Ex-Managing Director Chittagong Dry Dock, Mr. Moniruzzaman, Chairman, NRB Equity Management Ltd. & Ex-Chairman, BASIC were present as a special guests. Captain Sohail Hasan-Chairman WMSL, Md. Sakhawat Hossain-Vice Chairman WMSL, Abu Md. Fazle Rashid, Managing Director WMSl, Mr. Mohammed Yousuf-Managing Director Lub-rref (Bangladesh) Ltd. Other high officials and distinguished guests were also present.
The Tank Terminal and Jetty will be constructed as per API-650 code and State-Of-The-Art green and safe technology will be adopted in the operation. The Jetty will be capable of berthing 10-15 thousand MT capacity Marine Vessels having both land & river connectivity for storage, loading & unloading of Petroleum, CDSO & chemical products.
In his speech Mr. Mohammed Yousuf, Managing Director of Lub-rref (Bangladesh) Limited expressed his excitement and hope that through this project utilization of the scarce river side land will be optimized, Country’s fuel & oil storage capacity will be further enhanced, balancing between supply & demand for fuel & oil trade, saving substantial foreign exchange, provide employment opportunity, reduce distribution & storage cost for liquid fuel based power plant. Over and above, the Tank Terminal facility will help reduce the cost of working capital for those who are currently importing in small scale and paying instant duty and taxes.
He also solicited cooperation of all specially power Generation Company, Blending plants, Refineries and those who are already engaged in the similar business.
