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Govt begins petroleum exploration

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KATHMANDU, Aug. 29: The BBB Champion Oil and Gas of the United States of America and the EABG multi-national company of Dubai, UAE is to begin exploration of petroleum products in Nepal.



Speaking at a press conference organized in the capital on Wednesday, representatives of the Companies said the exploration work would begin in a month.



The companies have received approval from the Government of Nepal to begin exploration in 10 possible locations in Biratnagar, Rajbiraj and Janakpur.



Chief of BBB Champion, Micheal D Mitcham said the exploration work is expected to cost 30 million US dollars.



All human resources expect the technical manpower involved in the study, research and exploration of the possible sites would involve the locals, he said.



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