Department of Mines and Geology Prepares for Second Phase of Petroleum Exploration Agreement with China
Summary
The Department of Mines and Geology is preparing for the second phase of a petroleum exploration agreement with China, aiming to boost domestic production of petroleum products in Nepal.
Key Points
- The Department of Mines and Geology has prepared for the second phase of the petroleum production agreement with China Geological Survey.
- The first phase of drilling and exploration in Dailekh has been completed with Chinese technical assistance.
- Various surveys including seismic, geological, and geo-chemical have been conducted jointly with the Chinese team.
- Successful implementation could reduce Nepal's petroleum imports and contribute to economic development.
