MOU signed between India and Nepal for construction of petroleum products pipeline

News:

• The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval for the signing of a Memorandum of Understanding (MoU) between the Government of India and the Government of Nepal for the construction of a petroleum products pipeline from Raxaul (India) to Amlekhgunj (Nepal) and re-engineering of Amlekhgunj Depot and allied facilities.
• The MoU will promote bilateral cooperation in the oil and gas sector and secure long term supply of petroleum products to Nepal. It would help preserve the environment along the route and decongest the international border at Raxaul.
• On behalf of Indian Government, the Indian Oil Corporation has been entrusted with the job of construction of the pipeline and re-engineering of the Amlekhgunj Depot and allied facilities.
• The project will be completed in two phases. In the first phase, a petroleum products pipeline from Raxaul in India to Amlekhgunj in Nepal would be constructed.
• The Indian Oil Corporation will bear a cost of Rs. 200 crore for the first phase of the project

Source: PTI