With China on mind, fresh fuel to India-Nepal energy ties
With China at the back of its mind, India has agreed to deepen energy ties by renewing its fuel sale deal with Nepal by another five years and assist the Himalayan country in implementing a cooking gas-for-the-poor scheme akin to the one launched by Prime Minister Narendra Modi in India’s most populous state of Uttar Pradesh.
As per the agreement signed in New Delhi on March 27 by Indian Oil Corp. and Nepal Oil Corp. in the presence of Oil Minister Dharmendra Pradhan and Nepal’s Minister for Supplies Deepak Bohara, the state-owned Indian energy giant will supply about 1.3 million tonnes of fuel every year for the next five years. India has been supplying fuel to Nepal since 1974 under contracts that were periodically renewed. Indian Oil chairman B. Ashok, who was present on the occasion, said the renewed deal is for the period from April 2017 to March 2022 covering petrol, diesel, kerosene, jet fuel and liquified petroleum gas (LPG).
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