nepal oil corporation logo type government owned industry petroleum founded january 10 1970 1970 01 10 headquarters babarmahal kathmandu nepal area served nepal key people er . gopal bahadur khadaka managing director products petrol diesel kerosene lpg number of employees 543 2014 website nepaloil.com.np nepal oil corporation limited noc nepali 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 . nepal being one of the land locked countries of south asia has to depend on india for the supply and distribution of various petroleum products as the eastern southern and western part of the country is attached with india . the prospect of crude oil exploration in nepal has not yet been proven a feasible one so the entire national demand is met by import alone . from the very beginning of noc s trading activities a special and long term supply arrangement has existed with indian oil corporation ltd. ioc a leading national oil company of india having more than 55 % of the market share . noc headquartered in kathmandu has over the years expanded and now has five regional offices branch offices fuel depots and aviation fuel depots with total existing storage capacity of 71 558 kilolitres kl and employing 508 permanent and other contract work force . the highest policy making and controlling body of noc is its board of directors . the board is represented by all the shareholders . currently the chief executive officer ceo of noc is the managing director who has the overall responsibility for day to day operations besides the member secretary of noc board . basically the operations of noc are coordinated under two broad categories of marketing and finance cum administration each headed by deputy managing director . references edit this nepal related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title nepal oil corporation & oldid 728456895 categories oil and gas companies of nepalnepal stubshidden categories articles containing nepali language textuse dmy dates from september 2010all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 5 july 2016 at 15 29 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view