D.Amarsaikhan: Mongolia won’t be affected by Russian fuel shortage
Russia says it will cut its fuel exports by 80 percent beginning December 1 to help the country cope with a domestic fuel shortage.
Our correspondent asked Mongolian Mineral Resources and Petroleum Authority Chairman D.Amarsaikhan about the situation. He said Mongolia’s fuel imports will not be affected by Russia’s domestic fuel shortage, because Mongolia signed a long-term contract for fuel imports from Russia last spring. He said fuel will continue to be imported under the terms of that contract, so the Mongolian market will not be affected by Russia’s domestic problems.
D.Amarsaikhan also said that Mongolia will import fuel in December in adequate amounts, so a fuel shortage will not be repeated as in May and June. Besides Russia, Mongolia imports fuel from China, Kazakhstan, and South Korea.
He added that ground has been broken for new oil refineries in Mongolia. Sod Mongol Group is building a refinery in Sainshand and is investing USD 400 million. Another refinery’s foundation has been laid in Darkhan.
An oil refinery will also be built in Dornod to supply energy to three aimags. The Government plans to allocate USD 50 million for construction.
Our correspondent asked Mongolian Mineral Resources and Petroleum Authority Chairman D.Amarsaikhan about the situation. He said Mongolia’s fuel imports will not be affected by Russia’s domestic fuel shortage, because Mongolia signed a long-term contract for fuel imports from Russia last spring. He said fuel will continue to be imported under the terms of that contract, so the Mongolian market will not be affected by Russia’s domestic problems.
D.Amarsaikhan also said that Mongolia will import fuel in December in adequate amounts, so a fuel shortage will not be repeated as in May and June. Besides Russia, Mongolia imports fuel from China, Kazakhstan, and South Korea.
He added that ground has been broken for new oil refineries in Mongolia. Sod Mongol Group is building a refinery in Sainshand and is investing USD 400 million. Another refinery’s foundation has been laid in Darkhan.
An oil refinery will also be built in Dornod to supply energy to three aimags. The Government plans to allocate USD 50 million for construction.
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