Central & SE Asia / Australasia
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
| 26 Jun 25 |
Mongolia: Petro Matad announces final results for year ended 31 December 2024 Petro Matad, the AIM quoted Mongolian oil company, has announced its audited final results for the year ended 31 December 2024. After many years, 2024 finally saw Petro Matad start oil production from the Heron-1 well - becoming only the third producer in the country. |
| 30 May 25 |
Mongolia: Petro Matad provides operational update Petro Matad, the AIM quoted Mongolian oil company, has provided an update on operations in Mongolia. Discussions with potential partners on Block XX and Block VII are continuing. |
| 28 Apr 25 |
Mongolia: Petro Matad announces signature of Oil Sales Agreement for Block XX production Petro Matad, the AIM quoted Mongolian oil company, has announced the signature of an Oil Sales Agreement for Block XX crude oil. |
| 13 Mar 25 |
Mongolia: Petro Matad announces operational update Petro Matad, the AIM quoted Mongolian oil company focused on delivery of energy in Mongolia from both the hydrocarbon and renewables sectors, has provided an operational update. |
| 05 Feb 25 |
Mongolia: Petro Matad awarded certification of Block XX Exploitation Area as State Special Purpose Land Petro Matad, the AIM quoted Mongolian oil company, confirms that after completion of the certification process, the Block XX Exploitation Area which contains the Company's producing Heron oilfield, has been confirmed as State Special Purpose Land. This is the first oil exploration and production area in Mongolia to have been given this status. |
Mongolia - more news
Other countries in this region
- Australia,
- Bangladesh,
- Brunei,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Indonesia,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Papua New Guinea,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Taiwan,
- Thailand,
- Timor Leste,
- Vietnam
