IWAI, Indian Oil ink pact on fuel needs of national waterways


IWAI, Indian Oil ink pact on fuel needs of national waterways

To address issues regarding fuel requirement of National Waterways, Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Ltd (IOCL) have inked a pact, the government said Tuesday.

The Memorandum of Understanding (MoU) will provide for an understanding over general modalities of mutual cooperation leading to addressing futuristic demand of any form of energy for Inland Waterways and associated services.

“IWAI and IOCL signed an MoU today for jointly developing infrastructure for fuels, lubricating oil, LPG, Natural Gas and any other related fuel and gas for meeting the requirement of National Waterways,” the Ministry of Shipping said in a statement.

The MoU covers development of infrastructure for receipt, storage, dispensing and supply of fuels, lubricating oils, Liquefied Petroleum Gas (LPG) (for domestic & commercial use), Natural Gas (NG) and any other related fuel and gas. Read More

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