Petrol Corrupt in Palpa 19th feb 2014
Nepal Oil Corporation Limited (NOC) is a state owned trading enterprise of Nepal that imports, stores and distributes various petroleum products in the country. It was established on 1970 by the Government of Nepal under the "Company Act, 2021 (1964)". The government owns 98.36% 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. In the very beginning, the trading activities of NOC were started by storing two products in two drums under the leadership of the late Mr. Subarna Bikram Thapa appointed by Government of Nepal. His persistent endeavor to develop NOC resulted in more than 30,000 kilolitres (KL) of storage facilities for petroleum products in different development regions of Nepal.