Beijing: As it signed its first oil trade deal with Nepal ending India's monopoly over fuel supplies, China today expressed readiness for "friendly" talks with India to stabilise the landlocked country, reeling under acute fuel shortage due to a blockade of border points with India.


COMMERCIAL BREAK
SCROLL TO CONTINUE READING

"Both India and Nepal are friendly neighbours to China," China's foreign ministry spokesman Lu Kang told a media briefing when asked about reports of backchannel talks between New Delhi and Beijing over resolving the constitutional crisis in Nepal.


"We hope that in maintaining regional stability and state-to-state friendship, all relevant countries can sit together and have friendly consultations so that consensus can be reached," he said.


About Beijing stepping up fuel and food supplies through its recently reopened border in Tibet, Lu said "as a friend and neighbour of Nepal, China hopes that Nepal can have stable domestic situation after the passage of the new constitution".


Asked whether China has commenced supplies to Nepal, currently hit by the Indian-origin Madhesis' protests over the new constitution, Lu said "in view of their (Nepal's) request, we will do our best to provide assistance and both sides are in communication".


A visiting Nepali delegation led by Nepali Ambassador to China Mahesh Maskey today signed a Memorandum of Understanding (MoU) with the Chinese government to import fuel from China, ending a four-decade supply monopoly of the Indian Oil Corporation.


Foreign Ministry's spokesperson Dipak Adhikary confirmed that Nepal inked an agreement with China to import fuel to address the severe crisis in the country due to the blockade in the southern border with India.


The officials of Nepal Oil Corporation (NOC) and China National United Fuel Corporation (CNUFC) signed the agreement in Beijing today to this effect, he told PTI.