Daily Current Affairs Quiz 2019<\/a><\/strong><\/p>\n\n\n\nThe 69-km long petroleum pipeline from Motihari in Bihar to Amelkhgunj in\nNepal has been constructed by India. \u201cThe Motihari-Amlekhgunj pipeline will\nhelp in tackling the oil storage problem in Nepal and doing away with\ntransportation of petroleum products through tankers. It will ensure smooth,\ncost-effective and environment-friendly supply of petroleum products to Nepal,\u201d\nPuri said.<\/p>\n\n\n\n
The Motihari-Amlekhgunj oil pipeline project was first proposed in 1996. However, the project finally edged closer to reality during Prime Minister Narendra Modi\u2019s visit to Kathmandu in 2014. The two governments had inked an agreement to execute the project in August 2015. However, the project construction was delayed following the 2015 earthquake and supply obstruction along the southern border.<\/p>\n\n\n\n
The project construction works finally began in April last year with the\nmandate to complete it within 30 months. \u201cCommercial operation of the\ncross-border fuel project will bring down fuel price by at least one rupee per\nlitre,\u201d said Sushil Bhattarai, NOC Deputy Executive Director.<\/p>\n\n\n\n
Though the initial cost of the project was estimated to be Rs 275 crore,\nwhere the Indian government would inject Rs 200 crore, the NOC said total project\ncost escalated to almost Rs 325 crore due to the delay. The project will start\ncommercial operation by August, the Indian embassy officials said here. The NOC\nalso said the two governments are working to ensure that the inauguration of\nthe project takes place in the first week of August.<\/p>\n\n\n\n
As the project has been completed and is awaiting its formal inauguration, Nepal will officially start fuel trade with India via the pipeline after Prime Minister K P Sharma Oli and his Indian counterpart Modi formally launch operation of the project. Though the date for the official inauguration of the project is yet to be fixed, the Ministry of Foreign Affairs and Nepal Oil Corporation confirmed that groundwork is underway to virtually inaugurate the project by the two prime ministers.<\/p>\n\n\n\n
The virtual inauguration of the project will be done via video conference,\nwhere the two prime ministers will press a button in New Delhi and Amlekhgunj,\nresulting in the opening of the valve of the petroleum pipeline, the NOC said.<\/p>\n\n\n\n
About Oil Pipeline<\/strong>
It is a 69 kilometer-long pipeline that will run from Motihari in Bihar to Amelkhgunj in Nepal. It has been constructed by India in just 15 months, which is half of its 30 months deadline.
Importance:<\/strong>
Since 1974, Nepal has been importing its entire major petroleum products including petrol, diesel, aviation turbine fuel (ATF) and Liquefied Petroleum Gas (LPG) from India.The annual export worth of these products is more than Rs.8500 crore thus this new oil pipeline will be a game-changer for Nepal as it will ensure smooth, cost-effective and eco-friendly supply of petroleum products to Nepal.It will help in tackling oil storage problem in Nepal and doing away with the transportation of petroleum products via tankers.<\/p>\n","protected":false},"excerpt":{"rendered":"Motihari-Amlekhgunj petroleum products pipeline between India and Nepal have successfully concluded the \u2018testing transfer\u2019 of the Rs 325 crore. Along with reducing the huge transportation cost for the landlocked country, the commercial operation of the oil project will also ensure reduction in fuel prices. The Nepal Oil Corporation (NOC) and the Indian Oil Corporation Limited […]<\/p>\n","protected":false},"author":13,"featured_media":4018,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[58,244],"offerexpiration":[],"class_list":["post-4017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-international-current-affairs","tag-motihari-amlekhgunj-petroleum-products-pipeline"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=4017"}],"version-history":[{"count":2,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4017\/revisions"}],"predecessor-version":[{"id":4040,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/4017\/revisions\/4040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/4018"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=4017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=4017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=4017"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=4017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}