News Brief | November 2014
India to construct oil pipeline in Nepal
India will construct an oil pipeline between India's border town of Raxaul and Nepal's Amlekhgunj town to ensure smooth supply and hassle-free transport of petroleum products in Nepal. Indian Oil Corporation (IOC), which supplies petroleum products to Nepal Oil Corporation (NOC), will construct the 47-km pipeline under a nine billion Nepalese Rupees (US$90 million) grant provided by the Indian government. A joint team from both State-owned corporations had conducted a survey and proposed three routes for the pipeline. A final decision will be made after a high-level meeting between the IOC and NOC in November, said NOC spokesperson Bhanu Khanal.