Medium size oil refinery suitable said a expert

According to the N.Altantsetseg, teacher of Institute of Science and Technology medium size oil refinery suitable for Mongolia than bigger one.

“Mongolia has oil resources but not so much. Accotding to the Mongolian Petroleum Authority Mongolia has 1.6 billion ton oil reserves. If we built big factory might some years after will be shortage oil resources” said N.Altantsetseg.

Mongolia is now a total of 11 companies in the exploration of oil, which China Petroleum Daqing Tamu Tamu Taga Taga company"s oil field exploration work has basically ended, the field has proven reserves of 119 million tons of oil 。 In addition, Sinopec Shengli Oilfield Dongsheng Group companies in Mongolia dzuunbayan oil exploration work will be initially completed in June of this year, will be to determine the field"s reserves。 Several Mongolian companies plans to built oil refinery in Dornogovi and Dornod but haven’t yet operating.

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