Kathmandu, August 8
Nepal Oil Corporation (NOC) says its Amalekhgunj depot will have two additional tanks, which collectively will increase the depot’s storage capacity by 82,000 litres.
Indian Oil Corporation (IOC) will construct one of these new tanks for the Nepal Oil Corporation as a part of the second phase of the cross-border petroleum pipeline.
Officials of the two corporations held a meeting in New Delhi on Friday and Saturday and made an agreement to construct the new tanks, according to NOC Distribution Department chief Birendra Goit.
Goit says the construction work will begin within the next month.
However, NOC Managing Director Umesh Prasad Thani says the Nepali side cannot immediately invest in the project. “Currently, we are not in a situation to invest as we are financially weak now.”
The two countries launched the 69-km petroleum pipeline, the first of its kind in South Asia, in 2019 September.