Nepal Oil Corporation Current Affairs, GK & News
The landmark Motihari-Amlekhgunj Petroleum Products Pipeline between India and Nepal is now completed and is ready for commercial operation. The testing transfer of the pipeline was successfully completed by Indian Oil Corporation (IOC) and Nepal Oil Corporation (NOC). As part of trial, diesel was released from Motihari which reached Amlekhgunj. It is expected to be ..
Month: Current Affairs - July, 2019
The Rs 325 crore Motihari- Amlekhgunj petroleum pipeline project has been successfully completed & will start commercial operation by August 2019. The 69-Km long petroleum pipeline from Motihari in Bihar to Amelkhgunj in Nepal has been constructed by India. It will ensure smooth, cost effective and environment friendly supply of petroleum products to Nepal. The ..
Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) inked an agreement on the supply of petroleum products for the next 5 years. As per the agreement, IOC has agreed to waive off 2.5% Price Adjustment Factor, which includes refinery and transportation charges among other technical losses under IOC’s existing price formula. As per NOC, ..