For construction of petroleum product pipeline
Indian Oil Corporation announced that subsequent to signing of an MOU between Government of India and Government of Nepal on 24 August 2015, Indian Oil Corporation (IndianOil) and Nepal Oil Corporation (NOC) have signed an MOU on 25 August 2015 at Kathmandu for construction of 1.3 MMTPA capacity Raxaul-Amlekhgunj Petroleum product pipeline along with some works at Amlekhganj Petroleum Depot of NOC.The estimated cost of this project is Rs. 275 crore and the completion period is 30 months after receipt of statutory clearances. This pipeline will ensure long term supply of petroleum products to Nepal from IndianOil as well as stability of supplies from India to Nepal, which will benefit both the countries.
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