Indian Oil Will Be Nepal’s Fuel Provider for Next Five Years

India oil

Nepal’s fuel needs will see the light of the day as Indian Oil Corporation has agreed to provide the refined products for next five years. This will fulfill the fuel requirements of the Himalayan country for coming five years.

Since, India has fulfilled Nepal’s fuel needs since 1974, it is quite eager to run the close trading bonds with its neighbor nation in South Asia. This is the area, where China is looking forward to take forward its influence.

Indian Oil Corporation, which is country’s massive refiner, would try to supply almost 1.3 million tones refined fuels in one year to Nepal. This was mentioned by B. Ashok, company’s chairman.

India was in discussion to supply gas to Nepal as mentioned by Indian Oil Minister Dharmendra Pradhan.

Two of the countries were taking into consideration to build refined products pipeline attaching Motihari in Bihar to Amlekhgunj in Nepal.

Although the minister did not mention anything about the pipeline plan. New Delhi has brought all its surplus for power generations capacities to flourish the ties and relations with countries like Sri Lanka, Bhutan, Myanmar, Bangladesh and Nepal.

 

China wanted to include Nepal in the flagship “One Belt, One Road” move to attach the Asia with Europe.

Chairman Ashok mentioned, “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”.

As per the current scenarios, the fuel is dispatched by the help of trucks and a pipeline from Patna to Motihari to Amlekganj will be laid for the future supply of the fuels.

Talking on Nepal’s preferences, the Chairman mentioned that, “Nepal wants to take that pipeline little forward to near Kathmandu which is about 70 kms more and has sought technical help from IOC, though the expenses will be incurred by Nepal”.

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