Central & SE Asia / Australasia

Mongolia flag
Summary | Profile

Country profile: Mongolia

Location: Northern Asia, between China and Russia
Climate: desert; continental (large daily and seasonal temperature ranges)
Terrain: vast semidesert and desert plains, grassy steppe, mountains in west and southwest; Gobi Desert in south-central
Size: 1564116 sq. km total (Land area: 1554731 sq. km  Water area: 9385 sq.km)
Population: 2,996,081 (July 2008 est.)
Languages: Khalkha Mongol 90%, Turkic, Russian (1999)
Government: mixed parliamentary/presidential
Capital city: Ulaanbaatar
Legal system: blend of Soviet, German, and US systems that combine "continental" or "civil" code and case-precedent; constitution ambiguous on judicial review of legislative acts; has not accepted compulsory ICJ jurisdiction
Currency: togrog/tugrik (MNT)
Licensing:

Country profile

The Mongols gained fame in the 13th century when under Chinggis KHAN they conquered a huge Eurasian empire. After his death the empire was divided into several powerful Mongol states, but these broke apart in the 14th century. The Mongols eventually retired to their original steppe homelands and in the late 17th century came under Chinese rule. Mongolia won its independence in 1921 with Soviet backing. A Communist regime was installed in 1924.

Following a peaceful democratic revolution, the ex-Communist Mongolian People's Revolutionary Party (MPRP) won elections in 1990 and 1992, but was defeated by the Democratic Union Coalition (DUC) in the 1996 parliamentary election. Since then, parliamentary elections returned the MPRP overwhelmingly to power in 2000, but 2004 elections reduced MPRP representation and, therefore, its authority.

Energy production and consumption


Oil Gas
Production:    
Consumption: 12,000 bbl/day (2005 est.)  
Exports: 821 bbl/day (2005 est.)  
Imports: 12,280 bbl/day (2005 est.)  
Reserves:    
Major fields:



Mongolia - recent news

24 Oct 19
Mongolia: Petro Matad announces results of testing at Heron-1 in the north of Block XX, eastern Mongolia
Petro Matad, the AIM quoted Mongolian oil explorer, has announced the results of well testing operations at its Heron-1 oil discovery in the north of Block XX, eastern Mongolia. The well tested at a peak rate of 821 bopd, without need for artificial lift or stimulation.
17 Oct 19
Mongolia: Petro Matad announces results of Gazelle-1 well in the north of Block XX, eastern Mongolia
Petro Matad has announced the results of drilling and logging operations at the Gazelle-1 well in the north of Block XX, eastern Mongolia and has also provided an operational update. Casing is being run on Gazelle-1 and the well will be suspended pending further evaluation.
03 Oct 19
Mongolia: Petro Matad commences testing at Heron-1 in the north of Block XX, eastern Mongolia
Petro Matad, the AIM quoted Mongolian oil explorer, has announced the commencement of testing operations at the Heron-1 well in the north of Block XX, eastern Mongolia.
19 Sep 19
Mongolia: Petro Matad spuds exploration well Gazelle-1 in Block XX, eastern Mongolia
Petro Matad, the AIM quoted Mongolian oil explorer, has announced the spud of the Gazelle-1 exploration well in the north of Block XX, eastern Mongolia. The Gazelle Prospect has an estimated Mean Prospective Recoverable Resource of 13 MMBO.
17 Sep 19
Mongolia: Petro Matad's Red Deer-1 exploration well disappoints
Petro Matad has announced that the Red Deer-1 exploration well located in the south of Block XX, eastern Mongolia, has been drilled to a TD of 2000 metres and no hydrocarbon bearing zones were identified. The well will be plugged and abandoned. In the northern part of the block, the Heron-1 well has been temporarily suspended and the Gazelle-1 well is preparing to spud.

Mongolia - more news

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