Nepal Oil Corporation (NOC) was established in 1970 (2027 BS) as a Government-owned corporation in Nepal. The Oil Corporation works to import, transport, store, and distribute petroleum products in the country. The Central Office of the Nepal Oil Corporation is located in Babarmahal, Kathmandu Nepal. The regional and branch offices of NOC are located in five development region. About 600 employees are employed in the corporation. NOC has 68,384 kg liters of working storage capacity.
Due to the border of Himalayas in the north-west 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 which it is compulsory to depend entirely on import. Nepal Oil Corporation is the only institution which imports petroleum through 1893 tank trucks daily and distributes 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, the secretary of the board of Governors. However, the right to determine the value of petroleum production is involved in the Government of Nepal.