Two oil giants may pull out of Nepal

Two oil giants may pull out of Nepal

There are 1 comment on the Asia News Network story from Jun 10, 2012, titled Two oil giants may pull out of Nepal. In it, Asia News Network reports that:

Nepal's petroleum exploration plans have suffered a setback with two of the world's leading oil companies, Texana Resources Company and Cairn Energy, announcing that they would stop survey work, citing "force majeure". Force majeure, a popular terminology in the oil industry parlance, frees a party from fulfilling an obligation in the event of ... (more)

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Kathmandu, Nepal

#1 Jun 11, 2012
Nice articles, We have been operating trekking!!

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