Indian Oil Corporation (IOC) has signed an MoU with Nepal Oil Corportion to build a 41 km long petroleum product pipeline in Nepal. The Raxaul-Amlekhgunj pipeline will have a capacity to carry 1.3 million tonne of petroleum products.
According to the initial estimates the pipeline is expected to cost Rs 275 crore and will be built in 30 months from the date of statutory clearance