Mongolia starts building its first refinery
Before the founding ceremony of the first Mongolian oil refinery, the chairman of the Mongolian oil refinery, such as Bela Khor, was held in Mongolia.
Darhan oil refinery is jointly constructed by Darhan oil group company jointly established by several oil import Companies in Mongolia and two companies in Japan. Its annual processing capacity is 2 million tons, and it is planned to be put into operation in 2015. After completion, the refinery can basically meet the demand of Mongolia for fuel oil.
According to reports, Mongolia's oil reserves are about 1.6 billion tons. At present, there are more than 10 companies exploring oil in Mongolia. Among them, PetroChina Daqing tamchage company has basically finished the exploration work of tamchag oilfield, and the proven reserves of the oilfield are 119 million tons. In addition, Sinopec Shengli Oilfield Dongsheng company has also carried out exploration work in zongbayan oilfield of Mongolia.
At present, Mongolia's oil is still in the stage of "trial production". It exports more than 2 million barrels of oil to China every year, and the income is divided into 4:6 of the contract between Mongolia and China. For many years, Mongolia's fuel oil is mainly imported from Russia, but in recent years, Mongolia often suffers from oil shortage, so it is determined to establish its own oil refinery.