Dharmendra Pradhan meets Minister of Supplies of Nepal, H E Mr Deepak Bohara
Both Minister preside over signing of renewal of Supply Agreement between IOCL and NOC for a period of another five years
5 Dariya News
New Delhi 27-Mar-2017
Petroleum Minister assures India’s continued support to Nepal for its Hydrocarbon requirement Discusses the construction of Motihari – Amlekhgunj petroleum product pipeline; On completion to help in uninterrupted supply of products to Nepal Indian to assist Nepal in implementation of Ujjwala Yojna, says Petroleum Minister The Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan met H.E. Mr Deepak Bohara, Minister of Supplies of Nepal today.The Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan meting H.E. Mr Deepak Bohara, Minister of Supplies of Nepal. Shri K D Tripathi, Secretary for Petroleum and Natural Gas, Shri B Ashok, Chairman IOCL and other dignitaries also seen.Both Indian and Nepalese Ministers witnessed the renewal of Supply Agreement between Indian Oil Corporation Ltd (IOCL) and Nepal Oil Corporation (NOC) for a period of another five years. The renewed Agreement is an umbrella document between the two parties which apart from detailing the supply of POL products, also puts in place an institutional mechanism for cooperation in the areas of additional services and technical assistance between the two.Both the Ministers witnessing the renewal of Supply Agreement between Indian Oil Corporation Ltd (IOCL) and Nepal Oil Corporation (NOC) for a period of another five years Both Ministers congratulated IOCL and NOC on signing of the Supply Agreement.
They expressed confidence that it would lead to further engagements in the hydrocarbon sector between the two countries and make it one of the important areas of bilateral relationship between India and Nepal. India and Nepal relations are characterized by open borders, integrated economies and deep-rooted people-to-people contacts of kinship and culture. In the hydrocarbon sector, India has the record of un-interrupted supply of petroleum products to Nepal. Indian Oil Corporation Limited (IOCL), India’s largest marketing PSU, has been supplying to the neighbouring Nation its petroleum product requirement since 1974. Both countries are presently working towards further deepening the engagement in the oil and gas sector, including construction of petroleum product Motihari - Amlekhgunj Pipeline.During the meeting, Shri Pradhan assured India’s continued support to Nepal in meeting its complete hydrocarbon requirement. The Minister discussed various issues of mutual interest with Mr Deepak Bohara, including the status of Motihari – Amlekhgunj petroleum product pipeline. He highlighted that the pipeline once completed will further ensure continuous and uninterrupted supply of products to Nepal. Both Ministers also discussed on construction of a similar pipeline for supply of LPG between India and Nepal.Shri Pradhan emphasized the benefits of Pradhan Mantri Ujjwala Yojna (PMUY) to his Nepalese counterpart and recommended its implementation in Nepal. He said that India will assist Nepal in the implementation of Ujjwala Yojna by sharing its experience and expertise. He also reiterated India’s commitment towards meeting the entire hydrocarbon requirements of Nepal and assisting the country in building required hydrocarbon infrastructure.