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Mon, 29 June 2009
The Nepali Oil Corporation and the Indian Oil Corporation have agreed to build a 41 km hydrocarbon products pipeline between Raxaul in India and Amlekhgunj in Nepal.
The two state-owned corporations are preparing plans for the pipeline to facilitate supply of oil to Nepal, which has been facing a petroleum products shortage since last year due to strikes.
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The Indian Oil Corporation is set to manage the pipeline and the corporations are still to decide on the amount of interest in the project each will hold.
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