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
| 09 Oct 25 |
Mongolia: Petro Matad announces operational update Petro Matad, the AIM quoted Mongolian oil company, has provided an operational update. Gazelle-1 well test exceeds expectations. Heron-2 completion run and pumping has commenced. Heron-1 electrification installation completed. |
| 29 Sep 25 |
Mongolia: Petro Matad announces interim results for the six months ended 30 June 2025 Petro Matad, the AIM quoted Mongolian oil company, has announced its unaudited interim results for the six months ended 30 June 2025. |
| 29 Sep 25 |
Mongolia: Petro Matad announces update on production operations and 2025 well testing programme Petro Matad, the AIM quoted Mongolian oil company, has provided an update on its Heron-1 production operations and the 2025 well testing programme. |
| 24 Sep 25 |
Mongolia: Petro Matad announces operational update Petro Matad, the AIM quoted Mongolian oil company, has provided an operational update. Block XX acidisation operations completed at Heron-2 and well clean up continuing. Workover rig mobilising to Gazelle-1 for well testing programme. |
| 26 Aug 25 |
Mongolia: Petro Matad announces operational update Petro Matad, the AIM quoted Mongolian oil company, has provided an operations update. Block XX well testing operations are underway at Heron-2. Block XX Exploitation Licence extended by three years along with customs duty payment holiday. Application for a new PSC has been withdrawn as coordinates have not been confirmed. Block XX farm out discussions ongoing. |
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
