China to build 3 depots to boost reserves

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Dec 9, 2015- The china has moved to build three new fuel storage facilities—one each at Panchkhal in Kavrepalanchok, Betrawati in Nuwakot and Khairenitar in Tanahun—in a bid to maintain adequate reserves and prevent supply crises.

According to the Ministry of Commerce and Supply Management (MoCS), each of the oil terminals will have a capacity to store 6,000 kilolitres of petrol and 1,000 kilolitres of diesel.

Commerce Under-Secretary Shiva Prasad Tripathi said the MoCS had sent a request to the Chinese government through the Foreign Ministry to build the facilities.

MoCS Spokesperson Shambhu Ghimire said the ministry had started preparations to acquire land at the three locations. According to him, the facilities planned to be built in Betrawati and Khairenitar will also be good for storing gasoline imported from India. Similarly, Nepal Oil Corporation (NOC) Spokesperson Mukunda Ghimire said the fuel depots would hold enough fuel to meet the country’s requirement for 90 days.

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