19 firms, including IOC, respond to NOC�s tender call

[caption id="" align="aligncenter" width="840"] File- In this Thursday, Sept. 24, 2015 file photo, Nepali oil tankers and commercial trucks stand stranded near a gate that marks Nepal’s border with India, in Birgunj, Nepal. Photo: AP[/caption]Kathmandu, October 11At least 19 companies, including Indian Oil Corporation (IOC), have responded to Nepal Oil Corporation (NOC)’s call for supply of petroleum products to ease the fuel crisis in the country.These companies, based in China, South Korea and countries in the Gulf, had submitted bid documents based on a global tender notice issued by NOC on delivery of petrol, diesel, kerosene, cooking gas and aviation turbine fuel for 15 days. NOC, however, refused to provide the names of other companies that have taken part in bidding competition.NOC had earlier called on interested parties to submit bid documents on supply of petroleum products within Saturday. It had later extended the deadline till Sunday because of a public holiday on Saturday.“What is surprising about this bidding process is that IOC, which had earlier refused to supply oil to NOC citing security reasons in the Tarai, has also taken part in the competition,” NOC’s Acting Deputy General Manager Sushil Bhattarai told The Himalayan Times.“In the bid document submitted by IOC, it has made acknowledgement of its obligation to supply petroleum products to NOC based on a five-year agreement it had signed with NOC in 2012. It has also said it would continue increasing fuel supply in the coming days,” Bhattarai added.NOC has already started evaluating the bid documents. “We will start negotiations with the bidders from tomorrow and hand over the contract soon,” Bhattarai said.The company, which bags the contract, must supply 200 kilolitres (kl) of diesel, 100 kl of petrol, 200 kl of kerosene and aviation turbine fuel, and 100 metric tonnes of liquefied petroleum gas (LPG) per day to NOC for a period of 15 days. The petroleum products, excluding LPG, sought by NOC are equivalent to only 12.5 per cent of daily supply made by NOC on normal days.

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19 firms, including IOC, respond to NOC�s tender call

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19 firms, including IOC, respond to NOC’s tender call

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