The Nepal Oil Corporation and the Indian Oil Corporation have forged an agreement for importing petroleum products from India into Nepal, the National News Agency RSS reported on Monday.

According to the agreement, there will be regular supply of petroleum products in Nepal in the next five years.

The period of the agreement will be five years starting from April 1, 2007.

Apart from the agreement, both the parties have agreed to enter into another agreement relating to technical cooperation.

Source: Xinhua