Business & Economy


Nepal team to leave for China Thursday to sign fuel trade deal Wednesday, November 18th, 2015

KATHMANDU: A delegation from the Ministry of Commerce and Supplies is all set to leave for China on Thursday to sign a bilateral petroleum trade deal with the northern neighbour. Minister for Commerce and Supply Ganesh Man Pun informed so while talking to journalists at his office this..

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NOC distributes 300,000 plus litres of petro products Tuesday, November 17th, 2015

KATHMANDU: The Nepal Oil Corporation (NOC) today distributed 336,000 litres of fuel in different nine districts, including the Kathmandu Valley. Of the total fuel distributed, 291,000 litres were of diesel and 45,000 were of petrol, according to NOC. The quantity, however, does not account for the..

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Now, China offers to supply LPG to Nepal Monday, November 16th, 2015

KATHMANDU: As the Nepalese government started distributing subsidised firewood to the people of Kathmandu, China has offered to supply LPG to Nepal after gifting fuel to ease the crisis in the country, hit by acute fuel shortage due to a blockade at key border trade points with India. According to..

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Nepal, China Agree to Open Seven More Border Trade Points Thursday, November 5th, 2015

SHIRISH B PRADHAN, KATHMANDU: Nepal and China today agreed to open seven more border trading points to facilitate flow of essential goods to the landlocked country, days after they ended India's monopoly over fuel supplies to Nepal, reeling under acute shortage due to blockade of key border..

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Nepal Receives Fuel From China, Easing Dependency on India Tuesday, November 3rd, 2015

Anjana Pasricha, NEW DELHI, (VOA): The first-ever supplies of oil from China have arrived in fuel-starved Nepal, potentially ending the Himalayan country’s decadeslong dependency for its energy needs on India. The agreement to import oil from China was signed after energy supplies from India..

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NOC tankers reach Rasuwa, receive warm welcome from locals Friday, October 30th, 2015

DHUNCHE: The 12 tankers sent by Nepal Oil Corporation to bring petrol from Kyirong have reached Dhunche of Rasuwa. The Rasuwa Civil Society on Friday welcomed the drivers of tankers. Society Chairperson Babulal Tamang and other locals received the drivers and helpers of the tankers with khada..

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Nepal Turns to China for Fuel After India Restricts Supply Thursday, October 29th, 2015

By BINAJ GURUBACHARYA, KATHMANDU,  (AP): Fuel-starved Nepal has signed an agreement with China to import gasoline, diesel and cooking gas, effectively ending a monopoly on supply from India, which has restricted fuel convoys as a result of political protests in the Himalayan nation. The decision..

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China refuels Nepal as India fails to deliver Tuesday, October 27th, 2015

Amy Kazmin, New Delhi, (FT):  China is to supply fuel to its impoverished neighbour Nepal for the first time, amid a halt in Indian supplies that has severely disrupted life in the mountainous country still struggling to recover from April’s massive earthquake. Nepali officials flew to Beijing..

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China to donate fuel to Nepal: official Monday, October 26th, 2015

KATHMANDU, (AFP): China will supply Nepal with 1.3 million litres of fuel to ease crippling shortages after protests over a new constitution blocked imports from India, a Nepali official said Sunday. Scores of trucks have been stranded at a key India-Nepal border checkpoint for around a month,..

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Nepal looks for alternate fuel supplies as crisis deepens Thursday, October 8th, 2015

KATHMANDU: Nepal today floated a global tender seeking bids for the supply of fuel to the landlocked country as the crisis surrounding petroleum products deepened due to continued blockade of a key border trade point with India amid protests over the new Constitution. Nepal Oil Corporation (NOC)..

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Nepal gets respite as cargo trucks enter from India Sunday, October 4th, 2015

KATHMANDU: Over 100 trucks carrying essential goods and petroleum products today entered Nepal from India bringing some respite to the country grappling with shortage of fuel and other commodities due to the blockade of key trade points with India by protesters opposing new Constitution. Several..

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India resumes sending food, fuel to shortage-stricken Nepal Wednesday, September 30th, 2015

By POST BAHADUR BASNET, KATHMANDU, (AP): Indian trucks carrying food and fuel began trickling into Nepal on Wednesday, a welcomed development for a nation grappling with shortages caused by a blockade during protests against the country's new constitution. Nepal, a small Himalayan country, depends..

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No fuel for international airlines from Tuesday: Nepal Tuesday, September 29th, 2015

KATHMANDU: Nepal`s aviation body on Monday conveyed its inability to provide fuel to international airlines from Tuesday following a severe fuel shortage at home. The development came as Nepal is reeling under severe fuel cuts after India declined to send petroleum supplies through various..

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Nepal enforces vehicle curbs to tackle shortage of fuel Monday, September 28th, 2015

KATHMANDU, (AFP): Nepal yesterday imposed nationwide restrictions on vehicle use due to growing fears of a fuel shortage, as protesters seeking changes to a new constitution vowed to keep blocking a major border trade route. Drivers are allowed on the roads only on alternate days, depending on..

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Will China Confront a Revolution of Rising Expectations? Monday, November 11th, 2019

For over a decade, China has accounted for a quarter or more of global economic growth. With its economy currently navigating a rough patch, the question is whether this..