NEPAL OIL CORPORATIION LTD

**NEPAL OIL CORPORATION LTD. (NOC)**

**Nature of Business:** Trader (specifically, a state-owned importer, distributor, and marketer of petroleum products). It is not a manufacturing factory as Nepal does not refine crude oil.

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**Company Introduction:**

NEPAL OIL CORPORATION LTD. (NOC) is a state-owned enterprise established in 1974 (2031 BS) under the Companies Act of Nepal. It holds the exclusive mandate from the Government of Nepal for the import, storage, transportation, and distribution of all types of petroleum products throughout the country.

NOC plays a critical role in ensuring the energy security of Nepal by managing the entire supply chain from international sources to domestic consumers. Its primary objectives include maintaining a smooth and regular supply of petroleum products, stabilizing prices, and providing efficient services to the Nepali populace and industries. The corporation operates various depots, terminals, and retail outlets across Nepal to facilitate widespread distribution. It is responsible for negotiating supply agreements with international oil companies, primarily Indian Oil Corporation, to meet national demand.

Here are the products produced or sold by Nepal Oil Corporation Ltd:

* Petrol (Gasoline)

* Diesel

* Kerosene

* Aviation Turbine Fuel (ATF)

* Liquefied Petroleum Gas (LPG)

* Lubricants