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Kathmandu:
India and Nepal had a Joint Working Group meeting remaining week, all through which the two sides talked about future areas of cooperation throughout the petroleum vitality sector, along with potentialities of newest pipelines for present of petroleum merchandise to the Himalayan nation, talked about the Indian embassy on Saturday.
The second meeting of India-Nepal Joint Working Group (JWG) on oil and gasoline cooperation was held through video conferencing on August 13, the embassy talked about in an announcement.
The meeting was co-chaired by BN Reddy, Joint Secretary in Ministry of Petroleum and Natural Gas and Prem Kumar Shrestha, Joint Secretary throughout the Ministry of Commerce, Industry and Supplies, Government of Nepal, the assertion mentioned.
Representatives from the Embassy of India in Kathmandu, Indian Public Sector Oil and Gas corporations akin to IOCL, GAIL and HPCL, Ministries of Finance and Foreign Affairs of Nepal and Nepal Oil Corporation (NOC) participated throughout the JWG meeting.
“The meeting expressed satisfaction on functioning of the Motihari-Amlekhgunj Petroleum Products Pipeline, which was jointly inaugurated and operationalised by Prime Ministers of both countries in September 2019,” the discharge mentioned.
The pipeline, first of its type in South Asian space, has been supplying the overwhelming majority of the gasoline requirement of Nepal to Amlekhgunj Depot of NOC.
“Both sides also discussed future areas of cooperation in the petroleum energy sector, including possibilities of new pipelines for supply of petroleum products to Nepal,” the discharge mentioned.
“Both sides encouraged their respective companies to work closely for expanding engagement in the petroleum sector,” it added.
The JWG mechanism was prepare in 2017 to extra strengthen the long-standing cooperation between IOCL and NOC and diversify areas of cooperation between the two nations throughout the oil and gasoline sectors. The first meeting of the JWG was held in January this 12 months in New Delhi.
(Except for the headline, this story has not been edited by NDTV staff and is revealed from a syndicated feed.)
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