• 3 minutes Natural gas is crushing wind and solar power
  • 7 minutes OPEC and Russia could discuss emergency cuts
  • 11 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 36 mins So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 30 mins Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 8 hours Blowout videos
  • 10 hours Question: Why are oil futures so low through 2020?
  • 4 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 7 hours Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 hours CDC covid19 coverup?
  • 13 hours The Arithmetic Of Fracking
  • 19 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 1 day Shorting Gold
  • 5 hours Who decides the Oil costs?
The Dark Side Of Hydropower

The Dark Side Of Hydropower

Hydropower dwarfs solar and wind…

Brazil’s Oil Production Jumps 20% To New Record In January

Brazil’s Oil Production Jumps 20% To New Record In January

Brazil’s oil production jumped by…

Mongolia to Build Refineries to Ease Chronic Fuel Shortages

Mongolia to Build Refineries to Ease Chronic Fuel Shortages

Mongolia, which is forced to import virtually all of its refined oil products and frequently faces chronic fuel shortages, is to begin building an oil refinery early next year in an effort to meet domestic demand and reduce dependence on neighboring Russia for energy supplies.
 
Two months ago Mongolian President Tsakhia Elbegdorj proposed to build an oil refinery, emphasizing its importance for Mongolia, infomongolia.com reported.
 
Construction on the refinery began on 11 August in the southeastern city of Saishand in Dornogobi province in cooperation with Mon L Gas LLC. The Saishand refinery will process 5,000 tons of crude oil per year. The Mongolian government granted SODMONGOL a license to construct the facility in 2008. Mongolia’s domestic oil consumption is currently less than one million tons per year.
 
At present Mongolia receives its fuel supplies from Russia, but since April imports have been curtailed because of Russia's soaring domestic demand. Accordingly, the Mongolian government eventually intends to construct a total of three refineries.

The second will be located in Darkhan-Uul. Built with the cooperation of Mongol Seku LLC, the Darkhan-Uul refinery will have an annual processing capacity of 200,000 tons per year. The third, to be built in Zuunbayan in Dornogobi province, is slated to have an annual production capacity of 300,000 tons.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News