India and Nepal Forge B2B Pact to Develop Petroleum Pipeline and Storage Facility

Oct 04, 2024

Kathmandu (Nepal), Oct 04 (ANI): Nepal and India signs B2B Framework Agreement to develop a petroleum pipeline and petroleum storage facility in Nepal. Indian Ambassador to Nepal, Naveen Srivastava during a event in Kathmandu on Thursday announced that Nepal Oil Corporation and Indian Oil Corporation sealed the agreement. The executive Director of Nepal Oil Corporation (NOC), Dr Chandika Prasad Bhatta, and Director of Indian Oil Corporation (IOC) Limited, Senthil Kumar earlier on Thursday have signed the agreement. Secretary at the Indian Petroleum and Natural Gas Ministry, Pankaj Jain, and IOC Chair V Satish Kumar were present on the occasion. The IOC on its social site described the Agreement as a key milestone in the India-Nepal energy partnership.