/ IOC To Supply 1.3 Million Tonnes Of Refined Oil To Nepal ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 28 March 2017

Indian Oil Corporation has agreed to supply 1.3 million tonnes of refined oil, annually for 5 years, to the landlocked Himalayan nation, Nepal. Since 1974 India is meeting the oil demands of the Nepal, oil needs and is eager to maintain close ties with the Himalayan nation.

B. Ashok, chairman , Indian Oil Corporation, informed the media that IOC will supply 1.3 million tonnes of refined fuels to Nepal in a press news.

The supply agreement was signed today, effective starting from April 2017 to March 2022, and aims to meets full requirements , quantities and demand of oil products, including diesel, petrol, ATF, kerosene, etc. From the next month, IOC will supply Euro IV grade petrol & diesel to Nepal. According to IOC’s officials, the fuel is to be delivered from West Bengal’s Haldia refinery; and Barauni refinery in Bihar.

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