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Indian Oil Corp. inks MoU with Nepal Oil Corp.

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Hydrocarbon Engineering,

Indian Oil Corp. Ltd has signed an agreement to supply refined products to Nepal Oil Corp. (NOC) from April 2017 to March 2022.

The two companies originally singed a supply agreement in 1974, and thereafter the agreement has been renewed periodically. The new agreement will meet all of Nepal Oil Corp.'s requirements for petrol, diesel, kerosene, aviation turbine fuel and LPG.

A new Memorandum of Understanding (MoU) for supply of POL products was signed in the presence of Dharmendra Pradhan, Hon'ble Minister of State (Independent Change), Ministry of Petroleum and Natural Gas, Government of India, and Deepak Bohara, Hon'ble Minister for Supplies, Government of Nepal, along with senior officials from MoP&NG, India; Ministry of Supplies of Nepal; Indian Oil Corp. and NOC.

The new supply agreement was inked by PK Das, Executive Director I/C (Supplies), Indian Oil Corp. and Gopal Bahadur Khadka, Managing Director, NOC.

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