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)

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

Mongolia - recent news

15 Jun 20
Petro Matad announces final results for year ended 31 December 2019
Petro Matad, the AIM quoted Mongolian oil explorer, has announced its audited final results for the year ended 31 December 2019.
12 Jun 20
Mongolia: Elixir Energy signs MoU for small scale LNG plant
Elixir Energy has announced that it has recently executed a non-binding Memorandum of Understanding (MOU) with Mongolia’s MT Group under which the parties will seek to develop a small scale LNG (SSLNG) plant to supply fuel to the South Gobi’s large coal trucking fleet.
11 May 20
Mongolia: Petro Matad applies for Exploitation Licence covering the Heron-1 oil discovery
Petro Matad, the AIM quoted Mongolian oil explorer, has provided an update on cost saving measures and its application for an Exploitation Licence covering the Heron-1 oil discovery in Block XX in Mongolia.
23 Mar 20
Mongolia: Petro Matad provides update on Mongolia operations
Petro Matad, the AIM quoted Mongolian oil explorer, has provided an operational update on its activities in Mongolia. Following the success of the 2019 Block XX drilling campaign, Petro Matad is now focused on securing an Exploitation Licence.
05 Feb 20
Mongolia: Elixir Energy reports positive results at the Nomgon CBM well
Elixir Energy's Nomgon-1 CBM well in Mongolia has intersected 82 metres of net coal with thickest coal seam of 51 metres. Visible coal quality is highly encouraging for gas content and permeability.

Mongolia - more news

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