India-Nepal oil pipeline gets nod

According to industry sources, the proposed pipeline will link Nepal’s main distribution depot at Amalekhganj, about 175km south of Kathmandu, with IOC’s supply centre at Raxaul in Bihar on the Indo-Nepal border.

Simultaneously, Kathmandu has also agreed to a JV between its flagship Nepal Oil Corporation and IndianOil for setting-up two plants to bottle cooking gas in the kingdom. Both Nepal Oil and IndianOil are in the process of vetting the draft agreements for the proposals.

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