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Government Preparing to Import Petroleum Products from China
1 min 21 sec to read
August 27: The government is preparing to import petroleum products from China after the vice premier of the State Council of China, Wang Yan, during his recent trip to Nepal assured to help widening the road in Kodari that links the country to China. The visiting Chinese delegate also assured Chinese support in building a bridge at Timure in Rasuwa district.
China has reiterated its commitment to help Nepal in bringing new routes into operation as well as expanding the existing road network to link the two countries. This has raised the prospect of Nepal importing petroleum from China.
During his state visit to Nepal, Vice Premier Wang said that road connectivity was his first priority.
The government is planning to give the responsibility of importing petroleum products from China to National Trading Limited. As of now, the state-owned Nepal Oil Corporation (NOC) has the monopoly of importing oil in the country.
The government believes that India might interfere if it hands the responsibility of importing oil to NOC. Keeping this in mind, the government is planning to give the responsibility to National Trading, said a highly placed source at the Ministry of Supply.
The source also dismissed rumors that the NOC and National Trading were in the process of merging.
Importing petroleum products from China took the center stage two years ago when India imposed an undeclared economic embargo on Nepal. During the crisis, the Chinese government had provided 130,000 liters of petrol as grant to the government of Nepal.
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<p>The government believes that India might interfere if it hands the responsibility of importing oil to NOC. Keeping this in mind, the government is planning to give the responsibility to National Trading, said a highly placed source at the Ministry of Supply.</p>
<p>The source also dismissed rumors that the NOC and National Trading were in the process of merging.</p>
<p>Importing petroleum products from China took the center stage two years ago when India imposed an undeclared economic embargo on Nepal. During the crisis, the Chinese government had provided 130,000 liters of petrol as grant to the government of Nepal.</p>
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<p> </p>
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'title' => 'Government Preparing to Import Petroleum Products from China',
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'summary' => 'The government is preparing to import petroleum products from China after the vice premier of the State Council of China, Wang Yan, during his recent trip to Nepal assured to help widening the road in Kodari that links the country to China. ',
'content' => '<p>August 27: The government is preparing to import petroleum products from China after the vice premier of the State Council of China, Wang Yan, during his recent trip to Nepal assured to help widening the road in Kodari that links the country to China. The visiting Chinese delegate also assured Chinese support in building a bridge at Timure in Rasuwa district.</p>
<p>China has reiterated its commitment to help Nepal in bringing new routes into operation as well as expanding the existing road network to link the two countries. This has raised the prospect of Nepal importing petroleum from China.</p>
<p>During his state visit to Nepal, Vice Premier Wang said that road connectivity was his first priority.</p>
<p>The government is planning to give the responsibility of importing petroleum products from China to National Trading Limited. As of now, the state-owned Nepal Oil Corporation (NOC) has the monopoly of importing oil in the country.</p>
<p>The government believes that India might interfere if it hands the responsibility of importing oil to NOC. Keeping this in mind, the government is planning to give the responsibility to National Trading, said a highly placed source at the Ministry of Supply.</p>
<p>The source also dismissed rumors that the NOC and National Trading were in the process of merging.</p>
<p>Importing petroleum products from China took the center stage two years ago when India imposed an undeclared economic embargo on Nepal. During the crisis, the Chinese government had provided 130,000 liters of petrol as grant to the government of Nepal.</p>
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