Active Development AidData Chinese Aid

Chinese Government provides RMB 470,000 grant for Oil and Gas Resources Survey Project

¥470K RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Nepal
Country	Nepal
Start Date	Mar 21, 2016
End Date	Nov 21, 2030
Duration	5,358 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`52870`

Grant Description

On March 21, 2016, China signed Exchange of Letters to provide the grant assistance of RMB 470,000 for the oil and gas exploration project of Nepal. The agreement was under the commercial deal on the supply of petroleum products between the two countries.

China also agreed to build oil storage facilities and send exports to carry out the research on oil exploration for Nepal.

On February 22, 2018, Nepal's Department of Mines and Geology informed that a Chinese expert team from China National Petroleum Corporation will visit Nepal to conduct the feasibility study, but the actual date was not determined. It is not clear whether the grants assistance has been disbursed.

📋 Staff Comments

Limited information on the status of the grant assistance.

📚 Sources & References

Full text: Joint Statement between the People's Republic of China and Nepal (2)
REPORT ON NEPAL'S FOREIGN AFFAIRS (2015-2016)
REPORT ON NEPAL'S FOREIGN AFFAIRS (2015-2016)
Chinese experts to study fuel exploration, extraction prospects
China roped in for oil and gas drilling
Chinese VP visit gives momentum to China-Nepal ties
China roped in for oil and gas drilling https://kathmandupost.com/money/2019/01/18/china-roped-in-for-oil-and-gas-drilling
Nepal - China seal agreements on petroleum products survey, investment and promotion Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.