💨 Abstract

Indian Oil Corporation Limited and Nepal Oil Corporation have signed a Business to Business framework agreement for extending the Motihari-Amlekhgunj Petroleum Pipeline and building oil storage terminals at Chitwan. The agreement follows a Government-to-Government MoU signed in May 2023. The projects aim to transform petroleum logistics, meet Nepal's future energy needs, and optimize transportation costs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖