India, Nepal open joint petrol products pipeline |
Indian Prime Minister Narendra Modi and Nepal`s Prime Minister K. P. Sharma Oli jointly inaugurated the Motihari-Amlekhgunj cross border petroleum products pipeline through video conference on Tuesday. This is the first transnational petroleum pipeline form India and first South Asian oil pipeline corridor. The landmark pipeline will ensure smooth, cost-effective and environment friendly supply of petroleum products to Nepal. The 69 km long pipeline from Motihari in Bihar to Amlekhgunj in Nepal has been constructed by India in just 15 months, half of its 30 months deadline. It has been constructed at a cost of around 48.7 million dollars which are entirely borne by Indian Oil Corporation. Indian Oil Corporation has also trained officials of Nepal Oil Corporation and refurbished two storage tanks of NOC at Amlekhgunj depot. Besides ensuring smooth and environment-friendly supply of petroleum products the pipeline is also expected to help Nepal in saving billions of rupees every year on transportation and leakage.
|
|
|
|