Tuesday, December 8, 2015

Nepal Government decided to build three new fuel storage facilities

The government has moved to build three new fuel storage facilities. each at Panchkhal in Kavrepalanchok, Betrawati in Nuwakot and Khairenitar in Tanahun—in a bid to maintain adequate reserves and prevent supply crises. Each storage facilities will be at Panchkhal in Kavrepalanchok, Betrawati in Nuwakot and Khairenitar in Tanahun. It will help to Prevent fuel shortage for 3 Month. 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.

Nepal maintains oil storage tanks at 10 locations with a total capacity of 71,622 kilolitres of petrol, diesel, kerosene and aviation fuel, according to NOC.
The reserve is enough for just 20 days calculated on the basis of the sales trends of 2014. NOC said that it had been working to develop its storage capacity to be able to fulfil the country’s requirement for at least 30 days. According to the National News Agency, there is no provision for the storage of kerosene and liquefied petroleum gas (LPG) on a large scale. The present facilities can store enough petrol for a week, diesel for 15 days and aviation fuel for 10 days.

The Finance Ministry has agreed to arrange the necessary resources to increase the fuel storage capacity. Presently, NOC maintains fuel storage facilities at Thankot, Tribhuvan International Airport, Sinamangal, Bhairahawa, Pokhara, Nepalgunj, Biratnagar and other places.
Tripathi said a proposal had been presented to the government of China to increase Nepal’s fuel storage capacity.

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