Dhaka, April 14 -- Guarantee period to resolve faults in operation of Bangladesh's maiden single-point mooring (SPM) expires much ahead of its operation in piping fuels from outer-anchorage vessels into onshore storage tanks.

Non-commissioning of the SPM in due time and the expiry of the guarantee mean the government will have to spend huge sums of money only to bring it online in case of any default in operation, a senior official of the state-run Bangladesh Petroleum Corporation (BPC) told The Financial Express on Sunday.

He says fuel-storage capacity built on the Moheshkhali bay island along with the SPM facility, around 240,000 tonnes, remained unused only due to non-operation of the SPM.

Were the SPM properly commissioned, BPC wou...