Moscow /MONTSAME/ Delegation led by the Minister of Mining and Heavy Industry D.Sumiyabazar is paying a working visit to the Russian Federation and Port of Taman on September 24-26. On their first day of visit, they met with I.E.Levitin, Aide to the President of the Russian Federation, and Rosneft authorities.

During the fourth Eastern Economic Forum, President of Mongolia Kh.Battulga and his Russian counterpart V.V.Putin discussed several issues including construction of natural gas pipes between China and Russia via Mongolia, creating economic corridor and celebrating the 80th anniversary of the victory at the Battle of Khalkha River together.

Minister D.Sumiyabazar’s visit to Russia aims to intensify the implementation of the works that have been discussed by the leaders of the two countries and expanding bilateral cooperation in mining. Mining Minister met with the Rosneft President I.I.Sechin, exchanging views on wide range of issues including conducting joint research on oil exploration in Mongolia, construction of oil refinery, studying possibilities of building gas pipe through Mongolia at the site and celebrating the 80th anniversary of the victory at the Battle of Khalkha River. In addition, Rosneft agreed to provide fuel for the new airport in the Khushigt Valley.

“Fuel is an important strategic product for our country. Therefore, it is necessary to maintain the supply of the product and increase the customs bonded warehouse. We also seek opportunities to take substantial measures to ensure stable fuel price that directly affect the livelihoods of the people. The Government of Mongolia decided to build an oil refinery with the financing from the EXIM Bank of India. Rosneft has a great experience in oil exploration and processing. Experts led by the Rosneft Vice President A.A.Romanov will visit the oil refinery site, some areas where the gas pipe will go through and the 19th, 21th field of Dachin Tamsag, where oil is extracted” noted Minister D.Sumiyabazar.

Highlighting the successful implementation of the works on bringing the Tavan Tolgoi coal deposit to international markets and making it meet the international standards, he said “The Memorandum on cooperation was established with the OTEKO JSC of Russia to make investment in Tavan Tolgoi, transport coal to the Port of Taman at Black sea and bring it to the third markets. Tavan Tolgoi plans to export 25 million tons of coal through the Port Taman annually. In this regard, visit to the Port Taman and meeting with the OTEKO CEO M.Litvak are planned.”

The company is interested in expansion of cooperation with us and investments. We have a huge potential. In particular, by improving cooperation policy with the Russian Federation in mining, industry and trade sectors, being responsible and maintaining the trust of our partners, we can increase our profits and advance the country's development.”

In addition, the Presidents of the two countries are giving special importance to the 80th anniversary of the victory at the Battle of Khalkha River that will occur in 2019. Rosneft will finance the anniversary event and construction of the New Soum project in Khalkha gol soum.