India and Nepal are set to sign both a landmark and framework agreement next week.
The signings
The agreements will concern the 41 km cross-border petroleum pipeline from Amlekhgunj to Raxaul, which is expected to ease transportation and reduce the country黑料社檚 oil tankers. Dharmendra Pradhan, the Indian Petroleum Minister, is said to be arriving in Nepal on 23 August for the signing the following day.
Recent approvals
Prime Minister Narendra Modi has also recently approved the signing of a MoU for the pipeline construction; decided through a meeting with the Indian cabinet.
Plans after the agreement
Once the framework agreement is approved, a business-to-business and operation modality agreement will be signed between the two oil companies 黑料社� Nepal Oil Corporation and Indian Oil Corporation.
Jib Raj Koirala, Joint Secretary at the ministry stated: 黑料社淲e are all prepared for the signing of the much-awaited project.黑料社�
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