https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

India and Nepal Strengthen Energy Partnership with New Petroleum Infrastructure Agreement

The agreement aims to strengthen petroleum supply chains and reduce logistical costs by extending the existing Motihari-Amlekhgunj pipeline to Chitwan, Nepal, adding 62 kilometers.
Indian Masterminds Stories

Indian Oil Corporation (IOC) and Nepal Oil Corporation (NOC) have taken a major step towards enhancing energy security and bilateral cooperation by signing a new agreement for the development of key petroleum infrastructure projects in Nepal. The Business to Business (B2B) Framework Agreement, signed in the presence of senior officials including Pankaj Jain, Secretary of India’s Ministry of Petroleum and Natural Gas, and V Satish Kumar, Chairman and Director (Marketing) of IndianOil, marks a significant milestone in the energy partnership between the two nations.

The agreement aims to strengthen petroleum supply chains and reduce logistical costs by extending the existing Motihari-Amlekhgunj pipeline to Chitwan, Nepal, adding 62 kilometers. A new pipeline will also be constructed from Indian Oil’s facility in Siliguri to Jhapa, Nepal, covering 50 kilometers. Additionally, oil storage terminals will be developed at both Chitwan and Jhapa, ensuring secure and reliable fuel supply for Nepal.

Indian Minister for Petroleum and Natural Gas, Hardeep Singh Puri, emphasized the importance of this collaboration in bolstering India-Nepal relations, highlighting how these initiatives align with Prime Minister Narendra Modi’s vision of “Vasudhaiva Kutumbakam” (the world is one family). The projects are expected to improve Nepal’s energy security and meet its growing fuel demands.

This latest agreement follows a Government-to-Government Memorandum of Understanding (MoU) signed in May 2023 between India’s Ministry of Petroleum and Natural Gas and Nepal’s Ministry of Industry, Commerce, and Supplies. With these critical infrastructure developments, the India-Nepal energy partnership is set to further strengthen, with Indian Oil committing to the timely completion of these projects, which are poised to transform fuel logistics between the two countries.


Indian Masterminds Stories
Related Stories
NEWS
psuwatch_2025-04-02_62wq2qdg_HSL-PSU-Watch-
HSL Achieves Positive Net Worth After 4 Decades; Poised for Mini Ratna Status
psuwatch_import_wp-content_uploads_2022_06_SJVNs-headquarters-gets-four-star-rating-from-GRIHA-Council
SJVN Announces Commercial Operation of 241.77 MW in Bikaner Solar Power Project
psuwatch_2025-04-02_5nwz5tnf_MDL-Defence-Watch
MDL Holds Keel Laying Ceremony for Multi-Purpose Vessel
NPCI
NPCI Expands AI Use to Strengthen Security Amid Rising UPI Transactions
IAS Extension (4)
JNPA Records 13.55% Growth in Container Traffic, Handles 7.3 Million TEUs in FY 2024-25
PNGRB
PNGRB Proposes Indian Oil for Andaman & Nicobar Gas Infrastructure Development
Coal India Limited_CIL_logo_resized
Coal India Expands Global Footprint with Lithium Push in Argentina
RailTel Corporation of India Limited 2
RailTel, LTSU, and NSDC Join Hands to Boost Railway Sector Skills Development
Videos
Padmapani Bora IRS
The Rise of Assam as India’s Most Exciting Tourist Spot | Exclusive with IRS Padmapani Bora
Sajjan Yadav, IAS
The Policy Maker Who Turned India’s Vaccine Story and UPSC Struggles into Bestsellers
WhatsApp Image 2025-03-21 at 14.33
Training The Cops In Mastering The Technology Used By Criminals
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
psuwatch_2025-04-02_62wq2qdg_HSL-PSU-Watch-
HSL Achieves Positive Net Worth After 4 Decades; Poised for Mini Ratna Status
psuwatch_import_wp-content_uploads_2022_06_SJVNs-headquarters-gets-four-star-rating-from-GRIHA-Council
SJVN Announces Commercial Operation of 241.77 MW in Bikaner Solar Power Project
Videos
Padmapani Bora IRS
Sajjan Yadav, IAS
WhatsApp Image 2025-03-21 at 14.33
ADVERTISEMENT
ADVERTISEMENT