Nepal & India sign agreement for construction of two major petroleum pipelines
As per the agreement, a 50-kilometer petroleum pipeline will be constructed from Siliguri, India, to Charali in Jhapa, Nepal.
KATHMANDU: Nepal and India have signed a bilateral agreement for the construction of two important petroleum pipelines.
In a ceremony held today, the agreement was signed by Dr. Chandika Prasad Bhatt, Executive Director of Nepal Oil Corporation, and Senthil Kumar, Director of Indian Oil Corporation Limited.
The event was attended by Indian Petroleum and Natural Gas Ministry Secretary Pankaj Jain and Indian Oil Corporation Chair V.S. Kumar, according to Nepal Oil Corporation.
As per the agreement, a 50-kilometer petroleum pipeline will be constructed from Siliguri, India, to Charali in Jhapa, Nepal.
Additionally, a ‘Smart Greenfield Terminal’ with a capacity of 18,900 kilometers will be built at Charali.
Similarly, another 62-kilometer petroleum pipeline project from Amlekhgunj to Lothar in Chitwan will be constructed with a grant from the Government of India. Nepal Oil Corporation will construct a Smart Greenfield Terminal with a capacity of 91,900 kilometers at Lothar, with technical assistance from the Indian government. The total cost of these projects is estimated at NPR 15 billion.
These projects were agreed upon during the visit of then-Prime Minister Pushpa Kamal Dahal ‘Prachanda’ to India.
