Today, during the briefing of the Government officials, in charge of petroleum import, to the Prime Minister on the current issue of petroleum shortage in Mongolia, Minister D.Zorigt admitted that the current stagnant situation on the import of petroleum from the Russian Federation is closely related to the delay of Tavan Tolgoi realization and railway issues.
According to his comments, these two issues will set further relations with the Russian side and unlock unresponsive situation in between two sides. Anyhow, the current petroleum shortage is not realistic, caused by people’s increased purchase and storage of gas in order to secure their demand during the upcoming Naadam Festival, which will be held almost 7-10 days in July 5 – 16. During the holiday, people’s travel to countryside is increased.
The Russian Federation is the biggest exporter to the Mongolian market, controlling over 95% to Mongolia. Rosnefti (the Russian Oil) demands Mongolia to allow its 100 gas stations in Mongolia. This was rejected 3 years ago by the Government of Mongolia.