Petrovis oyungerel batsukh

The Report: Mongolia Energy chapter from The Report: Mongolia View Full Website Subscription Options. Read next. With much undiscovered potential in Mongolia's energy sector, government laying the groundwork for future development. Increasing electricity capacity key to meeting growing demand in Mongolia's energy sector. Local petroleum refining capacity becoming increasingly attractive in Mongolia.

New and updated legislation provides clearer guidelines for investors in Mongolia's energy sector. The Report Mongolia Explore Report. Choose a chapter from The Report: Mongolia Explore any of the chapters below to select an article. Start reading. Country Petrovis oyungerel batsukh. Capital Markets. Legal Framework. The Guide. Table of Contents.

Subscribe to our Economic News Update emails Choose which countries you would like to receive updates for. Choose which sectors you would like to receive updates for. She was keen to others, was always kind to her friends and motherly took care of the well-being of society and people, was always a support and helper, continued to teach by her example what it means to be a person for people.

She also initiated and led the improvement of the National Center for Mother and Child, the establishment of the Together Against Poverty Foundation, and the implementation of the Organic Mongolia project. A hardworking, humane and friendly, creative, hardworking character, a modest, warm and bright image of an outstanding leader and the best industrialist - a woman who created irreplaceable values for the economic and social development of Mongolia and gained the respect of her people, will forever remain in our hearts.

About Us. We She was highly respected business among Mongolian business community, colleagues and friends, a leader and an excellent leader, as well as an optimistic and generous person, always supporting new ideas and helping young people to realize their dreams. The difference between us and other fuel distribution companies is that we have always intended to be responsible for society and we try to reach as many towns and cities as possible.

For many years, we have talked about having an independent energy source, and also talked for many years about building an oil refinery. Building a refinery means we will buy raw materials from other sources once again. So the most important thing is creating gasoline or any fuel out of raw materials within Mongolia. Just for this reason, several Mongolian private companies began research in It is a project about gasifying coal, then turning it into liquid.

It requires large amounts of funding, very high-end technology and has high management requirements also. South Africa has one of these, and China is testing many more of them. Some researchers agree that on raw oil, there are alternative sources to Russia. Imagine what would happen to the oil refinery, which was built at a very high cost, when the raw material, or oil runs out?

It is estimated that if this plant processes less than 2 million tons a year, then there will be no profit. The oil is supplied through a large system of channels and pipes.

Petrovis oyungerel batsukh

Thus, the most reasonable choice would be Russia, as China cannot supply oil as they are also dependent on import oils. Unless we receive the Russian guarantee of long-term oil imports, building an oil refinery, or any oil processing plant for that matter, is very risky. What can you say on this? If the price of oil is more than USD 50 dollars, processing coal for liquid fuel is very profitable.

But it will require a lot of knowledge, experience, funding and preparation. We braced ourselves and agreed that, although it may be costly, we must somehow use the minerals we have in Mongolia. They are currently in the process of developing the technical and economic assessment. Previously, they developed a preliminary petrovis oyungerel batsukh.

The final assessment takes a lot of time. It takes time to build the plant. Getting the funding, and also, just as importantly, getting the human resources is a huge job. How is the funding going on over there? Exactly how much have you spent on this exploration so far? This money not only consists of our money but also from the taxpayers of foreign countries.

These are the people who believe that the Petro Matad project will be successful and their invested money will begin to rise. Last year, our stock prices went down significantly; we are facing funding issues. Do you have any thoughts or plans to enter a different business to expand your operations? I wish for Mongolia to be one of the most industrialized and developed countries in the world, with its companies being one of the biggest in the world.

There is a saying that there is no need to shoot a rabbit while on your way to hunt an elephant. We have the opportunity to become an energy giant. The energy sector includes the exploration, extraction and production of oil, slate and coal. We are using oil sale profits on these sorts of projects. But our money will be far from enough for huge projects like these.

Of course, there are more problems besides this. Is it really true that instead of taking all this criticism and facing all sorts of difficulties, you have not considered switching to a less controversial business? They do not even have to work. There are times when they wonder why are there people suffering so much and getting such a headache from working so hard like that.

But for people who are accustomed to work, it is very hard to sit around. Envisage a project, a problem arises, find a solution; and it starts all over again. This gives a lot of psychological satisfaction. There are difficult projects that yield profit after a long time.