Indian Oil to supply fuel annually to Nepal for 5 years

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On Monday, State-owned Indian Oil Corporation has agreed to supply refined products to Nepal for the next five years to meet all the fuel needs of the landlocked Himalayan nation, officials said .

India has provided all Nepal’s fuel needs since 1974 and is quick to keep up close exchanging ties with its neighbor in South Asia, a territory where local adversary China has tried to grow its impact.

Indian Oil Corp, the country’s greatest refiner, would supply 1.3 million tons a time of refined energizes to Nepal, the organization’s executive B Ashok told a news conference in New Delhi.

“The supply assention marked today is for the period April 2017 to March 2022 and will meet the full prerequisites, request and amounts of all the significant oil items, including petrol, diesel, lamp oil, aeronautics turbine fuel and LPG,” Ashok said.

IOC will supply Euro-IV review petrol and diesel to Nepal from one month from now.

While currently the fuel is sent by trucks, a pipeline will be laid from Patna-Motihari-Amlekganj for supply of fuel in future. As indicated by IOC authorities, the pipeline will get fuel from IOC’s Barauni refinery in Bihar and additionally Haldia refinery in West Bengal.

And additionally refined items, India was talking about arrangements to supply gas to Nepal, oil serve Dharmendra Pradhan said at a similar news meeting.

The minister said the two countries were thinking about building a refined items pipeline connecting Motihari in India’s eastern condition of Bihar to Amlekhgunj in Nepal.

He did not give details of the pipeline plan.

“We feel it is the responsibility of India to help Nepal meet its energy requirements, especially after Prime Minister Narendra Modi’s visit to Nepal in 2014 where in his address to Nepal parliament took responsibility of the Raxaul-Amlekhganj petroleum product pipeline,” the minister said.

Pradhan said work on the pipeline should begin in 2017-18.

“Nepal needs to take that pipeline minimal forward to close Kathmandu which is around 70 kms increasingly and has looked for specialized assistance from IOC, however the costs will be acquired by Nepal,” he said.

Pradhan said an abnormal state official advisory group has been shaped to investigate get ready attainability of the pipeline and additionally another LPG pipeline from Motihari to Nepal’s Amlekhganj.

New Delhi has utilized its surplus refining and power era capacities to develop ties with countries, for example, Sri Lanka, Bhutan, Bangladesh and Myanmar, and Nepal.

China needs to incorporate Nepal in its leader “One Belt, One Road” activity to connection Asia with Europe, the Middle East and Africa.

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