Eastern Refinery’s Tk 20 crore mega project questionable

Staff Reporter :
A Tk twenty thousand crore mega project’s under- construction second unit of Eastern refinery limited is questionable as the current capability is not used due to fuel crisis.
The project of Tk 19, 768 crore and 94 lakh is now being scrutinized by the national planning commission.
In the beginning of the plan of the project, it was Tk 13 thousand crore in 2010.
The planned second unit will be capable to refine 30 lakh tones of crude oil.
Experts said that this project is now unreasonable because necessary amount of crude oil could not be imported due to crisis in international market.
As a result the present capabilities of the refinery could not been used now.
In this circumstance, there is no reason to construct another unit costing huge amount of money.
Besides, the experts said that the coming days will be the era of electric vehicles.
So, the needs of more fuel oil would be shrunken.
“In recent years, no any more crude oil refinery project has been constructed in any place in the globe due to crisis of fuel,” said energy expert M Tamim.
 “Besides, the increasing trend of making and using electric vehicle also are reducing demand of fuel oil,” the expert said.
If the mega project of constructing second unit of the ERL finally got a shape, it may not be useful as it needs huge time to be completed, M Tamim said.