15. Foreign Currency Facilities

15. Foreign Currency Facilities:

(1) Notwithstanding anything contained in the prevailing law, a Contractor may retain any funds derived from his/her Petroleum Operations in Nepal or in a foreign country or transfer such funds anywhere inside or outside Nepal or from one country to another.
Provided that, the Contractor shall furnish to the Nepal Rastra Bank (Central Bank) as to such particular of each transaction as the Bank may prescribe.
(2) A Contractor may repatriate funds brought into Nepal for Petroleum Operations or derived from the Petroleum Operations as may be stipulated as his/her entitlement under Petroleum Agreement by converting into foreign currency under the prevailing law.