MONGOLIA WANTS TO COOPERATE WITH USA IN ENERGY SPHERE

Ulaanbaatar, September 20 /MONTSAME/ Mongolia wants the US biggest companies such as the General Electric, Peabody Energy and Genie Oil & Gas to run business in Mongolia and make investments.

The Speaker of parliament Z.Enkhbold Friday said it at a meeting with a delegation led byMr Christopher Smith, the U.S Principal Deputy Assistant Secretary and Acting Assistant Secretary for Fossil Energy.

He also noted that the Mongolia-USA relations and cooperation have been developing fruitfully since the establishment of the diplomatic relations. He said he had requested the Genie Oil&Gas company to assist us in a legal regulation of pyroschist, adding that a pending draft new wording of the law on oil reflects new clauses on non-traditional oil resources.

The Speaker also said Mongolia and General Electric Corporation are co-implementing the "Salkhit" project on wind energy in Tov aimag's Sergelen soum. Generated by this wind farm energy will satisfy needs of the whole region, he added.

Mr Smith reported that he is visiting Mongolia with key aims to meet with officials of Mongolia-based US companies, to collaborate with the Mongolian University of Science and Technology (MUST) and to exchange students, and said their side can cooperate with Mongolia in directions of technologies and investments.

The Speaker expressed a willingness of Mongolia to collaborate with US companies engaged in renewable energy, extraction and exploitation of schist.

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