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IOC speeds up works on oil pipeline project to Nepal

Thu, 20 November 2008

THE Indian Oil Corporation (IOC) has speeded-up work on its pipeline project to connect to Nepal, which is expected to reduce oil transportation cost to the country by as much as 60%. The efforts were intensified after the visit of prime minister Pushpa Kamal Dahal, for ‘confidence-building measures’. “IOC will invest in setting-up the pipeline. The plans are at a preliminary stage,” Mr S V Narasimhan, IOC director of finance, is quoted as saying.

On completion of the project, Nepali tankers will be able to load-up with petroleum products from Raxual in Bihar state, 29km away from NOC's main depot at Amalekhganj

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Categories: Asia, Projects

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