21st March 2019
EP Desk

 

Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Limited (IOCL) signed a memorandum of understanding (MoU) on fuel needs for national waterways and to develop infrastructure for fuels for Waterways.

 

The MoU will provide for an understanding over general modalities of mutual co-operation leading to addressing futuristic demand of any form of energy for Inland Waterways and associated services.

 

A press release said that both will jointly develop infrastructure for meeting fuel, lubricating oil, LPG and natural gas requirements of national waterways.

 

The MoU also 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. 


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