• Summary of Petroleum Legislation in Nepal
• Nepal Petroleum Act, 2040 (1983)
• Petroleum Regulation, 2041 (1985) (with amendments)
  • Ch1 - Preliminary
  • Ch2 - Selection of Contractor and Petroleum Agreement
  • Ch3 - Demarcation of Areas
  • Ch4 - Exploration
  • Ch5 - Work Program and Budget and Allocation of Petroleum
  • Ch6 - Petroleum Operations
  • Ch7 - Report and Information
  • Ch8 - Surface Rental, Bonus and Other Fees
  • Ch9 - Inspection and Investigations
  • Ch10 - Advisory Board
  • Ch11 - Government Participation
  • Ch12 - Miscellaneous
  • Schedule 1 - Form of BID
  • Schedule 2 (Related to Rule 10) - Form of Petroleum Agreement
    • Ch1 - Scope and Definitions
    • Ch2 - Exploration Period
    • Ch3 - Appraisal and Development
    • Ch4 - Production Period
    • Ch5 - Obligations of Contractor
    • Ch6 - Allocation of Production and Marketing
    • Ch7 - Petroleum Costs
    • Ch8 - Financial Obligations
    • Ch9 - Valuation and Accounting
    • Ch10 - Personnel and Training
    • Ch11 - Purchase of Goods and Services
    • Ch12 - Land Utilization and Government Assistance
    • Ch13 - Supply of Internal Demand
    • Ch14 - Utilization
    • Ch15 - Joint Review Committee
    • Ch16 - Joint Ventures and Transfers
    • Ch17 - Suspension and Termination
    • Ch18 - Settlement of Disputes
    • Ch19 - Miscellaneous
    • ANNEX (Related to Clause (k) of Section 2) CONTRACT AREA
  • Schedule 3 - Surface Rental and Other Fees
    

Note: The rate of income tax applicable to petroleum companies was reduced from 50% to 30% by the Income Tax Act, 2058 (2002)