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
25 Oct 24 |
Mongolia: Petro Matad announces production startup at Heron-1 Petro Matad, the AIM quoted Mongolian oil company, has announced the start of oil production from its Heron-1 discovery well in its Block XX Production Sharing Contract area in eastern Mongolia. |
22 Oct 24 |
Mongolia: Petro Matad announces planned production startup at Heron-1 Petro Matad, the AIM quoted Mongolian oil company, has provided the following update on the planned start of oil production in its Block XX Production Sharing Contract area in eastern Mongolia. |
07 Oct 24 |
Mongolia: Petro Matad provides operational update on Heron-1 and 2 and Gobi Bear-1 drilling results Petro Matad has provided an operational update on activities in its Block XX Production Sharing Contract area in eastern Mongolia. The Company is focussed on getting Heron-1 on stream as soon as possible with Heron-2 also brought onstream during the 2024 operational season. |
01 Oct 24 |
Mongolia: Petro Matad announces Heron-2 drilling results Petro Matad has announced that Heron-2, the first development well to be drilled on the Petro Matad operated Heron Oil Field in Block XX in the Tamsag Basin of eastern Mongolia, has reached TD. Production casing has been run in preparation for a well testing programme. |
23 Sep 24 |
Mongolia: Petro Matad spuds Gobi Bear-1 exploration well Petro Matad, the AIM quoted Mongolian oil company, has spudded the Gobi Bear-1 exploration well in the Tamsag Basin of eastern Mongolia. The well is located c. 12km southwest of the Heron-1 oil discovery well in the Block XX Exploitation Area. |
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