KATHMANDU, Jan 18: Nepal Oil Corporation (NOC), a state-owned monopoly trading enterprise of the country that imports and distributes petroleum products, has decided to halt the import of petroleum products from the Raxaul depot.
KATHMANDU, Jan 15: Petroleum Dealers’ Association has postponed the agitation program they had announced earlier against the alleged reluctance of the Nepal Oil Corporation (NOC) to raise their commission for selling petroleum products.
KATHMANDU, Jan 13: Stating that it has become difficult to run the business as the Nepal Oil Corporation (NOC) has not increased the commission for selling petroleum products for four years, the fuel distributing entrepreneurs have announced to increase the fuel price on their own, if NOC does not increase the rate of commission for the oil distributors.
KATHMANDU, Jan 8: The Nepal Oil Corporation (NOC) has imported 100 million liters (100,000 kiloliters) diesel in a single month. After the operation of Motihari-Amlekhgunj oil pipeline, the corporation imported 100 million liters of diesel from Indian Oil Corporation (IOC) in December alone.
KATHMANDU, Jan 4: Nepal Oil Corporation (NOC) is preparing to distribute a bonus amount of around Rs 60 million to its employees. The corporation has stated that it has started allocating a bonus amount of Rs 58.5 million for the last two fiscal years even though it has been allocating the amount for years. As per the provision in the Bonus Act, 2074 (Fifth Amendment), one percent of the corporation’s net profit is going to be distributed as bonus.
KATHMANDU, April 5: Shortage of cooking gas continues to exist in the market despite the Nepal Oil Corporation (NOC) adopting a number of distribution mechanisms and importing adequate quantity of the liquefied petroleum (LP) gas from the Indian supplier.
KATHMANDU, April 3: Petroleum dealers have sought compensation from the Nepal Oil Corporation (NOC), stating that the petroleum monopoly's decision to cut petroleum prices significantly will inflict huge loss on them.
POKHARA, March 14: Nepal Oil Corporation (NOC) is planning to expand its fuel storage capacity at the Gagangaunda depot. According to the officials of the NOC, the current storage at the depot is not able to meet the demand and needs to be expanded to fulfill the current market demand.
KATHMANDU, Sept 17: The Kathmandu District Court on Monday dismissed the claim of former managing director of Nepal Oil Corporation (NOC), Gopal Khadka, against Nagarik daily, the sister publication of Republica daily.
KATHMANDU, Aug 8: Nepal Oil Corporation (NOC) has slashed the price of liquefied petroleum gas (LPG) by Rs 25 per cylinder. The petroleum monopolist, however, has increased the price of petrol by Re 1, and diesel and kerosene by 50 paisa per liter, respectively. The new prices came into effect from Tuesday itself.
KATHMANDU, July 18: The Nepal Oil Corporation's (NOC) plans to distribute color-coded liquefied petroleum gas (LPG) cylinders in the market has apparently failed as it has seen discontinuation for the second time.
KATHMANDU, April 25: A pre-feasibility study carried out by the Institute of Engineering Consultancy Services (IOECS) has estimated the cost of building seven pipelines and storage facilities at Rs 41.15 billion.
KATHMANDU, March 14: The Nepal Oil Corporation has said there has been no change in the pricing of petroleum products, for the time being, keeping interested of people in mind even though its price has surged in the international market.
KATHMANDU, Feb 12: Former chief of the Nepal Oil Corporation (NOC), Gopal Khadka, was released on bail on Tuesday after he deposited a bail of Rs 20.5 million at the Special Court, following hearings on a case of disproportionate accumulation of wealth registered at the court against him by the Commission for the Investigation of Abuse of Authority (CIAA).
KATHMANDU, Jan 8: The Commission for the Investigation of Abuse of Authority (CIAA) on Monday filed a corruption case against former Nepal Oil Corporation executive director Gopal Khadka on the charge of accumulating more than Rs 186.6 million in unexplained wealth.
PARSA, Dec 20: Only 12.2 kilometers remain for laying pipeline for fuel supply of the total 36.2 kilometers Motihari-Amlekhganj project. Laying pipeline for petroleum product supply covering 24 kilometers on Nepal side has been over under the mega project prioritized by governments of both Nepal and India, said Motihari-Amlekhganj petroleum pipeline project office, Simara.