52836 tons of crude oil exported

Economy
bbatchimeg28@gmail.com
2019-01-31 15:19:53

Ulaanbaatar /MONTSAME/ As of January 24, 434.637 barrel or 58896 tons of crude oil have been extracted nationwide and 388.771 barrel or 52836 tons of crude oil have been exported. Mongolia has a 39-day reserve of oil products for domestic need.

The Ministry of Mining and Heavy Industry held its regular press conference titled ‘Transparent and Accountable Mining’ today, January 31, presenting statistical information of the sector as of preliminary performance of 2018. In 2018, the sector accumulated MNT 2 trillion and 51.5 billion to the state budget as taxes, fees and royalties. MNT 80 billion was accumulated from gold mining, MNT 910.6 billion--from coal, MNT 76.9 billion -- zinc, MNT 871.9 billion --copper, MNT 17.1 billion --iron, MNT 16.3 billion --fluorspar and MNT 78.8 billion from others.

Regarding gross production of major commodities are as following50 million tons of coal, 1.3 million tons of copper concentrate, 20.7 tons of gold, 5.5  thousand tons of molybdenum concentrate, 3.4 million tons of iron ore concentrate, 80.7 thousand tons of fluorspar, 87.9 thousand tons of zinc concentrate, 6.4 million barrel of crude oil, 14.2 thousand tons of copper cathode.

According to the preliminary performance of 2018 gross production of industrial sector reached MNT 15.7 trillion, showing an increase of 2.7 trillion (21 percent) compared to the same period of the previous year. Mining and extractive sector makes up 71.7 percent of gross production of industrial sector.   

Total foreign trade turnover reached USD 12.9 billion, with an increase of USD 2.4 billion (22.3 percent). Export reached USD 7 billion and 11.8 million with an increase of USD 811.1 million while import reached USD 5 billion and 875 million, showing an increase of USD 1 billion and 539.6 million compared to the same period of the previous year.

As of January 29, a total of 3085 special licenses of exploration and mining were registered.