Utility to diversify its business

- POST REPORT, Kathmandu

Jun 17, 2013-

The Nepal Oil Corporation (NOC) is likely to start the business of bitumen, lube, petrochemicals and aviation lubricant oil in a bid to diversify its market. It has initiated the process to forge an agreement with the Indian Oil Corporation to this effect, it said. Meanwhile, the corporation said it has started increasing the storage capacity of Thankot depot. Presently, the country’s second largest storage facility has a capacity to store 1,870kl of petrol, which can meet less than a week’s demand.

Published: 18-06-2013 09:16

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