Indian Oil to supply 1.3 MT refined fuels to Nepal

NEW DELHI: Indian Oil Corp has agreed to supply refined products to Nepal for the next five years to meet all the fuel needs of the landlocked Himalayan nation, officials said on Monday. Would supply 1.3 million tonnes a year of refined fuels to Nepal, the company’s chairman B. Ashok told a news conference. As well as refined products, India was discussing plans to supply gas to Nepal, Indian oil minister Dharmendra Pradhan said at the same news conference. India has supplied all Nepal’s fuel needs since 1974 and is keen to maintain close trading ties with its neighbour in South Asia, an area where regional rival China has sought to expand its influence. Indian Oil Corp, the nation’s biggest refiner, The minister said the two nations were considering building a refined products pipeline linking Motihari in India’s eastern state of Bihar to Amlekhgunj in Nepal.

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