Petroleum production to be increased

Nov 11 • Energy, News • 798 Views • No Comments on Petroleum production to be increased

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Yesterday, the Parliament discussed the Government policy on petroleum.

Mineral Resources and Energy Minister D.Zorigt said the Government is focusing on establishing regional oil refineries. When Mongolia can produce fuel from coal, he said, Mongolia will no longer be dependent on imported foreign oil.

MPs asked about the recent increase in the price of AI-92 petroleum. D.Zorigt replied that AI-92 petroleum is imported not from Rosnefti LLC but from other companies. The companies are located further away, so the price has increased.

He added that Russia has still has domestic fuel shortages, according to a statement made by the Russian prime minister. Therefore, Russia has increased its tax on fuel exports. However, the Government of Mongolia has repealed its excise tax on diesel fuel, with the aim of not increasing the price of that fuel.

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