Statement by S.Bayar, Prime Minister of Mongolia at the Parliament Session
On current state, recent pitfalls, measures of solution on oil products
Dear Speaker and
Dear Parliamentarians,
Recently oil price went up dramatically at the world market.
As of January 2007, price of 1 barrel oil at NYSE was USD 52.84 whilst as of yesterday it reached USD 113.4, going up by USD 60.56. It results increase in domestic […]
Kazakhstan Will Invest In Mongolian Energy Sector
Fuel and Energy Minister Ch.Khurelbaatar met Kh.Nurbaev, Extraordinary and Plenipotentiary Ambassador of Kazakhstan to Mongolia, and talked about energy sectors cooperation of two countries. Ambassador was graceful for implementation of bigger projects and programs that will bring growth to Mongolian energy sector and expressed that Kazakhstan have interest to invest and cooperate in the energy […]
“Open Day” of Minerals and Oil Authority
Yesterday Minerals and Oil Authority held an open day event, informing on activities performed in sophisticating legal environment for minerals, maintaining petroleum price constant, regulating artisanal miners and deposit ownership of which exploration has been conducted by state budget in framework of 100 days of Government activities. Staff of MPA received applications from people who […]
“Erdenes-MGL” Get in Work
The “Erdenes-MGL” company, which is responsible for management of strategically important deposits and separated rights and duties of useful mineral industry from State Property Commission, is most likely to starting its operation. Cause government transferred the using license of “Shivee-Ovoo” and “Tumurtei” deposits to the state owned company from Useful Minerals and Oil administrative office. […]
“Shivee Ovoo” Coal Mine Is Now Property of the State
In accordance to the “The List of Strategically Important Mine ” which is passed by the parliament, “Shivee Ovoo” coal mine , stays in Sumber and Shivee Gobi, Gobisumber province, is one of such important mines. This mine contains 2.8 billion coal resource. Mr. Bold Luvsanvandan, head of Minerals and Oil Authority, provided the license […]
