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

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




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: 210

Completed Deals

Completed Upstream Deals: 6623

Company Profiles

Current Company Profiles: 2929

Corporate Activity

Current Corporate Activity articles: 4184

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1671

Geostudies

Current Geostudies articles: 999

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

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Borchwix
Union Jack Oil 149
Bayphase
Syntillica
Telos NRG
Rose & Assocs
Merlin
OPC
energy365
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
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com