Overview
Nepal Oil Corporation (NOC) was established in 1970 (2027 BS) as a Government-owned corporation in Nepal. The Oil Nigam works to import, transport, store, and distribute petroleum products in the country. The Central Office of the Nepal Oil Corporation is located in Teku, Kathmandu Nepal. The regional and branch offices of Nepal Oil Nigam are located in five development regions. About 600 employees are employed in the corporation. NOC has 68,384 kg liters of working storage capacity.
Due to the border of the Himalayas in the northwest and the borders of India, west, and South, Nepal has become a geographically landlocked country. Nepal does not produce any petroleum products and also has not its own plants for processing. Due to this, it is compulsory to depend entirely on imports. Nepal Oil Corporation is the only institution that imports petroleum through 1893 tank trucks daily and distributes it through more than 1563 private wholesalers.
The body of building and controlling the high-level policy of the Nepal Oil Corporation is the Governing Committee. An important person to handle the overall obligation for management and implementation is the executive director, which is also a member of the Nepal Oil Corporation, and the secretary of the board of Governors. However, the right to determine the value of petroleum production is involved in the Government of Nepal.
