DHAKA, April 28 -- The Tk 8,300 crore Single Point Mooring (SPM) with double pipeline project is failing to utilise its full capacity due to non-expansion of the country's refinery capacity.

According to official sources, the newly installed SPM can now hardly utilise 60 percent of its capacity while around 40 percent remains unutilised.

The SPM project took about nine years to implement and now the project has been operational recently through execution of a test-run. But formally the project will be completed in June this year, said an official of the Bangladesh Petroleum Corporation (BPC).

Officials informed that after recent commissioning of the SPM project, now it takes only 48 hours to transfer the imported petroleum from the mot...