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Dhaka Friday,  Mar 29, 2024

Nepal Receives Fuel From China

EB Desk

The first-ever supplies of oil from China have arrived in fuel-starved Nepal, potentially ending the Himalayan country’s decadeslong dependency for its energy needs on India.

The agreement to import oil from China was signed after energy supplies from India were disrupted amid a deep strain in their ties over Nepal’s new constitution.

The tankers from China brought about one-third of the 1.3 million liters of fuel, which is now being supplied as a “goodwill gesture” in the form of grants by Beijing.

More significantly, the Nepali Oil Corp. and National United Oil Corp. (PetroChina) have signed a preliminary deal for uninterrupted supplies from China.

The move is expected to lessen India’s influence in Nepal and increase Beijing’s clout.

Nepal Ambassador to China Mahesh Maskey told a Nepalese television channel that Beijing has agreed to supply one-third of the country’s needs.

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