Chittagong, 10 February 2013: Western Marine Services Ltd. (WMS) went into agreement with Eastern Refinery Ltd (ERL) for construction of 03 nos. of oil storage tank for the refinery on behalf of Bangladesh Petroleum Corporation (BPC). Each tank will be capable of holding 13000MTs of oil. The contract was signed in ERL office Chittagong by the Managing Director of WMS Md. Sakhawat Hossain & Managing Director of ERL A.H.M Shamsud Duha on behalf of their respective organizations. During contract signing from WMS side DMD Abu Md. Fazle Rashid, TD Mohammed Abdul Mobin & Director Civil H. M. Harun and from ERL side GM Manzary Khurshid Alam, DGM Md. Rashed Kawsar & other high officials were present.
The project is on turnkey basis including design and construction under API 650 code. These tanks will be handed over to ERL, North Patenga, Chittagong in the year 2014. The worth of this project is about BDT 50cr.
Earlier WMS had constructed 2 X 50,000m3 tanks with floating roof for the refinery which are still considered to be the largest two storage tanks in Asia. WMS has the richest track record in constructing such tanks & their recent major completed projects includes 15 nos. of tank for Super Petrochemical Pvt Ltd (SPPL), 8 nos. of tank for Bangla Cat, 14 for Mobil Jamuna Fuels Ltd (MJFL), one for KAFCO, and many more.
Bangladesh Petroleum Corporation (BPC) & other companies in the power sector have taken measures for construction of new storage tanks within next few years. This is due to government initiatives for establishing new fuel generated power plants to meet the national power crisis. This opportunity has created a market for new construction of storage tanks. Western Marine having the know-how for constructing best quality tanks and related facilities, aims to secure lion part of this market share contributing in the national economy.