Sat. Sep 21st, 2019

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PM Modi, K P Oli jointly inaugurate oil pipeline through video conferencing

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Indian Prime Minister Narendra Modi with his Nepalis counterpart have inaugurated a historic petroleum pipeline through a video conference. The Motihari-Amlekhganj pipeline will carry fuel from Barauni refinery in Bihar to Nepal. This is the first-ever cross-border petroleum products pipeline in South Asia and the pipeline is over 60 kilometers long. The total cost of the project is about 325 crore rupees the commercial operation of the project is expected to bring down fuel prices marginally. It will also bring down the cost of transporting fuel to Nepal until now petroleum products were being sent in Nepal through trucks under 1973 agreement. The inauguration marks the completion of a project that was agreed upon bilaterally. About 15 years ago the pipeline project was first proposed in 1996 but progress was slow. After Prime Minister Narendra Modi visited Kathmandu in 2014 the project had picked up pace. Prime Minister Modi said that during Nepal Prime Minister’s visit to India the two countries agreed on the early inauguration of various bilateral projects. A testing transfer was successfully done through the oil pipeline in July