Nepal Oil Corporation Syllabus
(NOC) Nepal Oil Corporation is a government organization established in B.S. 2027 with the aim to import, store and distribute petroleum products throughout the country. It has five Regional offices, three Branch Offices, seven Aviation Fuel Depots and two Aviation Fuel Refuelling Stations. It has a complete petroleum products working storage capacity of 68,364 KL(Kilolitres) and has strength of around 600 employees.
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Nepal is a land locked country which was bordering east, west and south with India and northern side with China. Nepal totally depends on imports of refined petroleum products from Indian Oil Corporation(IOC), India till date. It imports petroleum products by more than 1,893 tank trucks which are under NOC contract and distributes through more than 1563 privately owned retail outlets.
Present demand of petroleum products is around 1.9 Million Ton and annual growth is around 10%. Petroleum products have a share of around 15% of total energy consumed in the country. The nearest sea port Haldia (Kolkota) is at a distance of around 900 kilometers. NOC has Contract Agreement with IOC for smooth supply of petroleum products in every five years and the contract was signed on 27th of March, 2017. LPG is imported by privately owned bottling industries from Haldia, Barauni, Paradeep, Karnal, Mathura and Panipat under product delivery order (PDO) issued by NOC. To meet the ever growing demand smoothly and reduce the transportation cost, NOC and IOC are laying pipeline from Motihari-Amlekhgunj in India and Nepal. Similar working discussion goes on between IOC and NOC for laying LPG pipeline in future endeavor.
The highest politics and controlling body of NOC is its Board of Directors. Managing director of NOC is member secretary and is liable for management and operations. NOC has implemented Automatic Petroleum Pricing Mechanism (APPM) since 13th Aswin 2071 (29th September, 2014). Thus petroleum prices are revised in Nepal in every 15 to 30 days on the basis of average international market price (i.e. Spot price) of finished petroleum products.
