Union Cabinet approves MoU between India, Nepal for construction of petroleum pipeline

The Union Cabinet has approved a Memorandum of Understanding (MoU) between India and Nepal for construction of petroleum products pipeline from Raxaul (Bihar) in India to Amlekhgunj in Nepal.

The MoU seeks to promote bilateral cooperation in the oil and gas sector between both neighbouring countries and secure long term supply of petroleum products to Nepal.

Raxaul-Amlekhgunj petroleum pipeline: In the first phase it will be constructed by Indian Oil Corporation (IOC) on behalf of Indian Government at a cost of 200 crore rupees. IOC will be also engaged in re-engineering and construction of the Amlekhgunj Depot and allied facilities.

Approval to MoU between India and Mongolia

The Union Cabinet also gave its ex-post-facto approval to MoU between India and Mongolia to establish cooperative institutional relationship and to promote and encourage technical bilateral cooperation on new and renewable energy between both countries.

This MoU was signed during Indian Prime Minister Narendra Modi’s visit to Mongolia at Ulaanbaatar in May 2015.

Approval to MoU between India and France

The Union Cabinet also gave ex-post-facto approval to a MoU signed between India and France to establish cooperative institutional relationship to promote and encourage technical bilateral cooperation on new and renewable energy issues between both countries.

The MoU was signed in Paris during the Indian Prime Minister’s to France in April 2015.

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Categories: India Current Affairs 2017

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