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

05 Jan 21
Mongolia: Petro Matad announces Block XX Exploitation Licence application
Petro Matad, the AIM quoted Mongolian oil company, has provided an update on its application to secure an Exploitation Licence for the Heron oil discovery in Block XX, eastern Mongolia.
08 Dec 20
Mongolia: Elixir Energy announces increase in Nomgon IX CBM PSC Prospective Resources
Elixir Energy has provided an update on the Nomgon IX CBM PSC Prospective Resources. This has been prepared by independent reserve auditor ERC Equipoise and has produced a significant increase on the numbers estimated for the 2018 report.
06 Dec 20
Mongolia: Elixir Energy provides update on Nomgon IX CBM PSC operations
Elixir Energy has provided an update on operations in its 100% owned Nomgon IX CBM PSC. Adsorption results from Nomgon-2 indicate fully gas saturated coals.
26 Nov 20
Mongolia: Elixir Energy intersects gassy coals in new sub-basin
Elixir Energy has provided an update on operations in its 100% owned Nomgon IX CBM PSC. The Yangar 1S strat-hole well is currently being drilled in a new sub-basin located some 24 kms to the West North West of Nomgon-1.
08 Oct 20
Mongolia: Petro Matad announces operational update
Petro Matad, the AIM quoted Mongolian oil company, reports that the Company's Detailed Environmental Impact Assessment (DEIA) for the Heron Development has been approved by the Ministry of Environment, while ratification of the Block XX Exploitation Licence (EL) application has been delayed.

Mongolia - more news

Other countries in this region

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 376

Completed Deals

Completed Upstream Deals: 6005

Company Profiles

Current Company Profiles: 2752

Corporate Activity

Current Corporate Activity articles: 3594

Companies Looking

Current number of articles: 445

Company Sales

Current Company Sales articles:1452


Current Geostudies articles: 775

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

SLR Consulting logo
Union Jack Oil 149
KL Publishing
Rose & Assocs 149
Government of South Australia
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675

Email: info@energy-pedia.com