Nepal receives petrol from China

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| Monday, November 2, 2015 - 16:28
First Published |
Nepal receives petrol from China

Nepal receives petrol from China

Kathmandu: Nepal has received 73.5 metric tons of petrol in the first batch of Chinese delivery, a Nepali official said on Sunday.
 
The first fuel delivery came through 12 fuel tankers sent by Nepal Oil Corporation (NOC) to China on Saturday and Sunday.
 
"We have received 73.5 metric tons of petrol from China in these two days," NOC spokesperson Deepak Baral told Xinhua.
 
The fuel-filled tanks have been on the way from the northern hilly district Rasuwa to the Kathmandu valley, said the official.
 
Earlier Nepal had signed a MoU with Petro China in order to import all kinds
of fuel from China, ending a long-held monopoly of buying fuel from the
Indian Oil Corp (IOC).
 
Nepal Oil Corp (NOC) and Petro China signed the pact in Beijing following an
unofficial trade and fuel embargo from India against Nepal for the past one
month.
 
Nepal buys over $1.3 billion of gasoline from Indian Oil Corp annually.
 
Nepalese and Indian officials had only two months back signed a petroleum
pipeline deal.
 
Nepal has not imported any gasoline from China in the past. It has been
buying fuel only from IOC.
 
This fuel will be provided as a grant by China.
 
Besides commercial import of fuel from China, Beijing has also pledged to
provide Nepal with 1.3 million liters of gasoline to cope with increasing
fuel crisis in Nepal.
 

 

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