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Nepal Oil Corporation
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Legal residence:Nepal
Organization type:Government agency
Funding agencies: Other, United States Department of State (USA)
Sectors: Energy
Status:
Active
About
Nepal Oil Corporation Limited (NOC) s a monopoly state owned trading enterprise of Nepal that imports, stores and distributes various petroleum products in the country. In Nepal, no private or other companies are allowed to import Petrol and Diesel other than NOC.[2] It was established on 1970 by the Government of Nepal. The government owns 99.46% of its share and rest is contributed by four other state owned enterprises: Rastriya Beema Sansthan, National Trading Ltd., Nepal Bank Ltd. and Rastriya Banijya Bank.
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