KATHMANDU, Jan. 11 -- The newly-appointed managing director of Nepal Oil Corporation (NOC), Surendra Kumar Paudel, has vowed to initiate reform actions in the state-owned enterprise.

Speaking at the 48th anniversary of the corporation, Bhandari said that one of his priorities during his tenure will be to curb anomalies in the state oil monopoly and steer the company toward the path of reform.

"Under my leadership, there will be a zero tolerance to the anomalies," said Paudel. "There are a lot of expectations for the NOC's reform. I have to stand strong for taking reform initiatives here," he added. He, however, did not give details about the areas and possible actions for reform in the ailing state-owned trading enterprise that imports,...