Nepal | August 10, 2020

Thapa returns with China’s pledge of another fuel grant

Himalayan News Service
Share Now:

Beijing has assured Nepal 1.4 million litres of petroleum grant

Deputy Prime Minister and Minister for Foreign Affairs DPM Kamal Thapa returns after china visit at TIA speaking about the fuel grant by China

Deputy Prime Minister and Minister for Foreign Affairs Kamal Thapa speaking with the media upon his arrival from six-day official visit to China at the Tribhuvan International Airport (TIA) on Tuesday, December 29, 2015. Photo: RSS

Kathmandu, December 29

Deputy Prime Minister and Foreign Minister Kamal Thapa today returned from Beijing with an assurance from China of further grant of fuel worth RMB 10 million, which, according Nepali Oil Corporation officials, is about 1.4 million litres.

This will be China’s second installment of fuel grant to Nepal since October, when the northern neighbour had extended 1,000 metric tonnes of fuel worth RMB 10 million to address Nepal’s fuel crisis.

Thapa’s visit, however, fell short of striking the much expected deal related to long-term import of petroleum products from China and other agreements related to trade, transit and investment.

He claimed his visit had contributed to clearing the way for forging economic ties with China for Nepal’s economic and infrastructure development.

The DPM added that deals on petroleum import, trade and transit, and Bilateral Investment Promotion and Protection Agreement were likely to be inked during Prime Minister KP Sharma Oli’s upcoming visit to China, most probably in early 2016.

“PM Oli is likely to visit to China early next year,” Thapa told mediapersons at Tribhuvan International Airport upon his arrival from China. “We hope that important agreements will be inked during the PM’s visit.”

The PM is likely to leave for China between mid-February and early March depending on the domestic political situation, a source close to PM Oli told The Himalayan Times.

But another source said Oli would visit India before his China visit and this was most likely to happen immediately after the protracted blockade at the Nepal-India entry points ended. He highlighted the discussion on agreement on trade in petroleum products, transit treaty, BIPPA and Free Trade Agreement between the two countries as major achievements of his visit.

According to him, the two countries also dwelt on opening up new trade routes across the Himalayas and upgrading the existing one to boost bilateral trade.

A version of this article appears in print on December 30, 2015 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Transitional Justice, court, justice, punishment, law

Judiciary: Public should maintain restraint on comments about court order/verdicts

We should not forget that it is the court that upholds justice, protect people's rights. Had the judiciary not been there, whatever the two powerful organs of the state — executive and legislature — wanted to happen, could happen. It is the judiciary that checks the excesses of the executive and Read More...

Messi helps Barca sink Napoli to reach last eight

Barcelona beat Italians 3-1 for 4-2 aggregate win Messi scores and earns penalty at empty Nou Camp Barca face Bayern in Champions League last eight BARCELONA: A fired-up Lionel Messi led Barcelona to a 3-1 win at home to Napoli on Saturday for a 4-2 aggregate victory which took the Read More...

Lewandowski dazzles as Bayern crush Chelsea to reach last eight

MUNICH: Robert Lewandowski struck twice and set up two more goals as Bayern Munich cruised past Chelsea 4-1 on Saturday to reach the Champions League quarter-finals with a 7-1 aggregate victory and remain on course for a treble of titles. The Bavarians will be on an 18-game winning streak acr Read More...

PM Oli tells Madi delegation to Build Ram's idol and promote Ayodhyapuri as his place of birth

Kathmandu, August 8 At a time when the entire country is concerned about the sharp rise in coronavirus cases, Prime Minister KP Sharma Oli is trying to convince everybody that Lord Ram’s birth place is in Ayodhyapuri, area of Madi Municipality, Chitwan. The PM, who had made a phone call to W Read More...

Activist Iih to end hunger strike today

Kathmandu, August 8 Youth activist Iih, initiator of ‘Enough is Enough’ campaign, is set to end his 21- day hunger strike tomorrow, as the government has agreed to meet the demands of the satyagrahis. Iih has been staging the fast-unto-death strike demanding government’s effective role i Read More...

Maintain essential health services during COVID-19 response: WHO

KATHMANDU, AUGUST 8 World Health Organisation has urged member countries, including Nepal, in the South-East Asia Region to accelerate resumption of disrupted health-care services, hit by the pandemic, as an integral part of the COVID-19 response. “The pandemic has put immense strain on heal Read More...


Young woman dies for want of treatment

BIRGUNJ, AUGUST 8 Bishnu Lama, 22, of Chhapakaiya, Birgunj-2, died for want of treatment in Birgunj this morning. Various hospitals, including Birgunj-based Narayani Hospital had refused to admit Lama, who had experienced breathing complications. She was taken to Corona Special Hospital, Ganda Read More...

Swab sample collected from communities

DHANGADHI, AUGUST 8 Swab samples have been collected to diagnose whether the virus has spread in the community level of the Sudurpaschim Province. The provincial government has started collecting swab samples from communities as the province is at a high risk of infection. Director at Sudur Read More...