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Nepal Oil Corporation
Nepal Oil Corporation Limited (NOC) ( is a monopoly state owned trading enterprise of Nepal that imports, stores and distributes various petroleum products in the country. In Nepal, no private or other companies are allowed to import Petrol and Diesel other than NOC. It was established on 1970 by the Government of Nepal under the "Company Act, 2021 (1964)". The government owns 99.46% of its share and rest is contributed by four other state owned enterprises: Rastriya Beema Sansthan, National Trading Ltd., Nepal Bank Ltd. and Rastriya Banijya Bank. History In the very beginning, the trading activities of NOC were started by storing two products in two drums under the leadership of the late Mr. Subarna Bikram Thapa. His persistent endeavor to develop NOC resulted in more than 30,000 kilolitres (kL) of storage facilities for petroleum products in different development regions of Nepal. Nepal, being one of the land locked countries of south Asia, has to depend on India for the su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kathmandu
Kathmandu () is the capital and largest city of Nepal, situated in the central part of the country within the Kathmandu Valley. As per the 2021 Nepal census, it has a population of 845,767 residing in 105,649 households, with approximately 4 million people in the surrounding metropolitan area. The city stands at an elevation of 4,344 feet (1,324 metres) above sea level. Recognized as one of the oldest continuously inhabited places in the world, Kathmandu's history dates back to the 2nd century AD. Historically known as the ''Nepal Mandala'', the valley has been the cultural and political hub for the Newar people, a significant Civilization, urban civilization in the Himalayas, Himalayan region. Kathmandu served as the royal capital of the Kingdom of Nepal and is home to numerous palaces, temples, and gardens reflecting its rich heritage. Since 1985, it has hosted the headquarters of the South Asian Association for Regional Cooperation (SAARC). Today, Kathmandu remains the epice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepal Bank Limited
Nepal Bank Limited () is the first commercial bank of Nepal. It was established in 1937, by Juddha Shumsher, which marked the beginning of an era of formal banking in Nepal. History On November 15, 1937 (Kartik 30, 1994), the then King Tribhuvan inaugurated Nepal Bank Limited. This marked the beginning of an era of formal banking in Nepal. Until then all monetary transactions were carried out by private dealers and trading center. In that era, very few understood or had confidence in this new concept of formal banking. Rising equity shares were not easy and mobilization of deposits even more difficult. This was evident when the bank floated equity shares worth NPR 2,500,000, but was successful only in raising NPR 842,000. The total deposits for the first year was NPR 1,702,025 where current deposits was about NPR 1,298,898 fixed was about NPR 388,964 and saving was NPR 14,163. Loan disbursed and outstanding at the end of the first year was NPR 1,985,000. In 2007, Nepal Bank L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Trade Of Nepal
The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications, electric power, industry, or civil service. The country has, however, made progress toward sustainable economic growth since the 1950s. The country was opened to economic liberalization, leading to economic growth and improvement in living standards when compared to the past. The biggest challenges faced by the country in achieving higher economic development are the frequent changes in political leadership, as well as corruption. Nepal has used a series of five-year plans in an attempt to make progress in economic development. It completed its ninth economic development plan in 2002; its currency has been made convertible, and 17 state enterprises have been privatised. Foreign aid to Nepal accounts for more th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Companies Of Nepal
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which it's appro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motihari
Motihari is a city and headquarters of East Champaran district in the Indian state of Bihar. It is located 80 kilometres west of Muzaffarpur and 152 kilometres northwest of the state capital Patna. In early days the land of Motihari was ruled by different kingdoms as Videha, Sunga, Kanvas. It is also believed that Champaran used to be a major part of King Janak's empire. Mahatma Gandhi started his famous Satyagraha movement from here. Geography Motihari is located on 26°39' N and 84°55' E in northwestern Bihar. It is about northwest from the state capital Patna, from Bettiah, from Muzaffarpur, from Chakia, from Mehsi, and from Sitamarhi. It is on the east bank of a lake, about southeast of Bettiah. Topography The topography of Motihari has been described as scenic, with the "stunning beauty" (in classical terms) of Moti Jheel Lake dividing the town in two halves. In Gangan Lit-Mag (Gangway Literary Magazine), Austria, wrote Anant Kumar: "The play ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motihari-Amlekhganj Pipeline
Motihari-Amlekhgunj pipeline is a long trans-border petrolium pipeline between Amlekhgunj Oil Depot in Parsa of Nepal and Motihari of India. This pipeline transports petroleum from Indian Oil Corporation (IOC) to Nepal Oil Corporation (NOC). It is also the first ever trans-national pipeline in the Indian subcontinent. It has an annual capacity of two million metric tonn. History The pipeline was first proposed in 1996. An agreement was reached between the NOC and IOC in 2004. The project finally was set for construction after the visit of Indian prime minister Narendra Modi Narendra Damodardas Modi (born 17 September 1950) is an Indian politician who has served as the Prime Minister of India, prime minister of India since 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Par ... to Kathmandu in 2014. Both governments inked an agreement to execute the project in August 2015. However, the project construction was delayed due to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Oil Corporation
Indian Oil Corporation Limited (IOCL or IOC), trading as IndianOil, is an Indian multinational oil and gas company under the ownership of the Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai but headquartered in New Delhi. It is the largest government-owned oil producer in the country both in terms of capacity and revenue. It has consolidated refining capacity of 80.55MMTPA. Indian Oil's business interests overlap the entire hydrocarbon value chain, including refining, pipeline, marketing of petroleum products, exploration and production of Petroleum, natural gas and petrochemicals. Indian Oil has ventured into renewable energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka ( Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd), and the Middle East (IOC Middle East FZE). Indian Oil is ranked 94th on the Fortune Global 500 list of the wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Exploration
Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods Visible surface features such as oil seeps, natural gas seeps, pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as ''leads'') are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rastriya Banijya Bank
Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; ) is fully government owned, and the largest commercial bank in Nepal. RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act. RBB provides banking services to customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. Constituted under RBB Act 2021 with the full ownership of the government of Nepal, the bank has been running under Bank and Financial Institute Act (BAFIA) and Company Act (CA) 2063. The bank, licensed by NRB as an 'A' class commercial bank of the country, is a component of the Nepalese economy. Ownership structure The Bank currently has a paid-up capital of Nepalese Rupees Rupee (, ) is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Trading Limited
National Trading Limited is the parent company that monitors all aspects of trading in Nepal. It is part of the Ministry of Commerce of the Government of Nepal (GoN). The National Trading Limited Board of Directors has five members, and is responsible for formulating short and long-term policies on NTL's periodical plans, programmers and policies. The chairman and the General Manager are responsible for the appropriate execution of the plans, programmers and policies formulated and decided by the Board. The chairman and the board member are all appointees of GoN.). Objective Source: * To stabiles the price of construction materials and industrial raw materials needed for the country both by local purchase and import. * To maintain stable price through increase in supply by importing the necessary consumer goods A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike an intermediate good, which is u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepal
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China China–Nepal border, to the north, and India India–Nepal border, to the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the States and union territories of India, Indian state of Sikkim. Nepal has a Geography of Nepal, diverse geography, including Terai, fertile plains, subalpine forested hills, and eight of the world's ten List of highest mountains#List, tallest mountains, including Mount Everest, the highest point on Earth. Kathmandu is the nation's capital and List of cities in Nepal, its largest city. Nepal is a multi-ethnic, multi-lingual, multi-religious, and multi-cultural state, with Nepali language, Nepali as the official language. The name "Nepal" is first record ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Nepal
The Government of Nepal () is the central executive authority of the Federal Democratic Republic of Nepal. The government is led by the prime minister ( K.P. Oli since 15 July 2024) who selects all the other ministers. The country has had a coalition government since 2024 led by CPN (UML) and Congress. Prior to the abolition of the Nepalese monarchy in 2006, The Government officially known as His Majesty's Government. The head of state is the president and the prime minister holds the position of the head of executive. The role of president is largely ceremonial as the functioning of the government is managed entirely by the prime minister, who is appointed by the Parliament. The heads of constitutional bodies are appointed by the president on the recommendation of Constitutional Council, with the exception of the attorney general, who is appointed by the president on the recommendation of the prime minister. History Old Bharadari government The character of government in Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
