PetroChina Granted 1.2 Million Liters Petroleum to Nepal (Linked to Record ID#53157)

Funder	China (People's Republic of)
Recipient Organization	Nepal
Country	Nepal
Start Date	May 11, 2015
End Date	Aug 26, 2031
Duration	5,951 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`53155`

Grant Description

On October 28, 2015, China National United Oil Corporation signed a memorandum of understanding with Nepal Oil Corporation (NOC) to grant 1.2 million liters of petroleum to Nepal. On October 31, 2015, China handed over the oil.

The grant aimed at helping relieve the acute energy shortage in Nepal. "We have received 73.5 metric tons of petrol from China in these two days," NOC spokesperson Deepak Baral told Xinhua. Loan applications and disbursements are still being received and processed as the projects continue to evolve.

Ongoing monitoring and evaluation are in place to ensure project continuity.