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IOC hopeful of go-ahead for Nepal pipeline project
by Indo-Asian News Service : 320 views
September 8th, 2004
Source: Hindustan Times |  Email this News |  Discuss this news |  Print this News | Indian Oil Corporation (IndianOil) is hopeful its long pending pipeline project to Nepal would get approval during Nepalese Prime Minister Sher Bahadur Deuba's visit here.
IndianOil officials say they hope an agreement would be signed on Thursday enabling it to implement the 35-km pipeline project jointly with state-owned Nepal Oil Corporation (NOC).
The project from Raxaul in Bihar to Amlekhganj in Nepal has been hampered due to unresolved issues despite a memorandum of understanding having been signed nine years ago.
Among pending issues is Nepal's keenness that the pipeline should facilitate supplies from other sources apart from IndianOil to prevent any monopoly through dependence on a single source.
During the three-day official trip of the Nepal prime minister beginning Wednesday, IndianOil officials say they are hopeful of sorting out the issue.
"The pipeline, to be constructed in joint venture with NOC at an estimated cost of Rs 420 million, would enable speedier supplies of petroleum products to Nepal, which imports around 0.75 million tonne of mostly diesel, petrol and kerosene from India," an IndianOil official told IANS.
Nepal also sources around 60,000 tonne of cooking gas or liquefied petroleum gas from India in bulk, which is then bottled in the local plants.
The construction of a petroleum products pipeline would not only be a cheaper and more environment friendly mode of transportation but also check the current adulteration en route, IndianOil officials admitted.
IndianOil currently transports the petroleum products in tankers up to the border from where NOC takes the product to its depots and consumers.
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