A visiting Nepali delegation on Wednesday reached a formal agreement with the Chinese authorities to import fuel from China, ending a four-decade supply monopoly of Indian Oil Corporation.
The visiting delegation signed a Memorandum of Understanding (MoU) with the Chinese government. “Now the door has been opened to import fuel from China. A bilateral agreement has been reached for the same,” Nepali Ambassador to China Mahesh Maskey, who is leading the delegation, told the Post over phone from Beijing.
