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| Politics
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| India Signs Pact to Lay Oil Pipelin |
| India Signs Pact to Lay Oil Pipeline to Nepal
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| INDIA
, 24-August-2015
7:55:49 AM |
| India today signed an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.
Oil Minister Dharmendra Pradhan, who is on a three-day visit to Kathmandu, and Nepalese Minister of Commerce and Supplies Sunil Bahadur Thapa signed an MoU for the petroleum product pipeline, an official statement said in New Delhi.
This will be the first trans-national petroleum pipeline in South Asia.
Nepal depends on India for meeting all of its fuel requirements. Petrol, diesel, domestic LPG and jet fuel (ATF) are currently trucked from Indian Oil Corp's (IOC) depot at Raxaul to Nepal.
"The two ministers reviewed bilateral cooperation in the petroleum sector. They agreed that the two sides can work to expand cooperation in oil and gas to several other areas," it added.
The 41 kilometre pipeline -- 2 km in India and 39 km in Nepal -- will initially supply petrol, diesel and kerosene. It will be built by IOC at a cost of Rs. 200 crore.
IOC will take 30 months to complete the project after receipt of necessary statutory clearances from the Government of Nepal.
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