Petroleum product

Petroleum product is non-renewable sources of energy. Especially diesels, kerosene, petrol, LP Gas, LD are known as petroleum product. Petroleum product is back one of economy. So every country having the potential of petroleum sources in the world has given important in the exploration and development petroleum product. The main reason behind this is that no believable source of energy as the alternative of petroleum has been found yet. On the other hand, the alternative of it is inevitable for the modern human civilization in the coming decades because the mines of the petroleum emptying day by day. The economy of USA, Japan, Western Europe and many other countries are completely dependent on petroleum product. Nepal has also the same condition ; its need of petroleum totally best on international of product in Nepalese market is supplied in accordance to the NOCL’s interaction with the IOC.

Nepal Oil Corporation Ltd. (NOCL) was estabilished in the very beginning of the seventies. This Company did challenging work of building infrastructure and making arrangements against the oil crisis that prevailed globally during that period. Before the establishment of NOCL, foreign companies in a very adhoc basiss carried out the function of suppliying petroleum fuel to Nepal. With the aim of availing continuous supply through a national company. NOCL, was established. The company built its infrastructure in the same period successfully. After the erisis was, over the company grew in matured organization. Providing regular supply of petroleum to the nation in. In the eighties it also provided leadership in establishing companies like Lube Oil Limited. Bitumen & Barrel industry. Gakhkali Rubber Limited .etc.