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Eastern Refinery Unit-2 Expansion Project

Sector: Government • Location: Chittagong, Bangladesh

Source: The Financial Express

Project
Planned

Bangladesh is borrowing a $1.0 billion hard-term loan from the Islamic Development Bank (IsDB) to upgrade Eastern Refinery's oil-refining capacity by 3.0 million tonnes per year. The project involves constructing a new processing unit to triple the refinery's capacity from 1.5 million to 4.5 million tonnes annually, enabling domestic refining of cheaper raw crude oil and reducing dependence on exp

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The project “Eastern Refinery Unit-2 Expansion Project” is an infrastructure initiative in the Government sector, located in Chittagong, Bangladesh. Taiyo aggregates data on it from The Financial Express.

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planned

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Description

Description

Bangladesh is borrowing a $1.0 billion hard-term loan from the Islamic Development Bank (IsDB) to upgrade Eastern Refinery's oil-refining capacity by 3.0 million tonnes per year. The project involves constructing a new processing unit to triple the refinery's capacity from 1.5 million to 4.5 million tonnes annually, enabling domestic refining of cheaper raw crude oil and reducing dependence on expensive pre-refined imports. The expansion will also produce Euro-5-standard diesel and gasoline to address environmental concerns.

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Source

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Source

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