Birat Terminates oil importing contract with NOC

Kathmandu November 8- Birat petroleum, which won the contract to import petroleum products, has announced it has terminated the agreement with Nepal Oil Corporation.

Publishing a press release in a daily newspaper on Sunday, Birat petroleum has stated that it has terminated the contract with NOC because attempts were made to tarnish the image of the company despite it doing business in a proper manner.

Lawmakers and consumer rights activists criticized the decision to award the contract to Birat Petroleum saying that the contract had been awarded to a company that was blacklisted three years ago. On Wednesday, NOC awarded the contract to the company from among the 22 it had shortlisted to import petroleum products. Source: TKP