Meanwhile the proposition of Mongolia tapping it's oil reserves becomes more compelling
Mongolia looks to develop its downstream oil industry
The presence of a downstream facility could also spur investment in Mongolia’s upstream sector, which experienced a drop-off in interest following the fall in crude prices in the late 2000s. With a ready domestic market for refined products, more of Mongolia’s fields could become financially viable in the future.
Mongolia has identified 332m tonnes of oil reserves; however, only 42.6m tonnes are technically available for extraction, according to data from the Ministry of Mining and Heavy Industry. full story in link
http://www.oxfordbusinessgroup.com/news/mongolia-looks-develop-its-downstream-oil-industry
Mongolia to double land open for exploration -mining minister
Miners say Mongolia ranks as one of the best prospects in the world for new copper reserves, as the best quality ore bodies in many other parts of the world have been depleted and electric vehicles raise the possibility of a surge in demand.
The expansion reflects improved geological surveys, and the land open for exploration could increase as further improvements are made, the minister said at the Prospectors and Developers Association of Canada conference in Toronto.
"A big amount of land will be up for exploration and license," said Tsedev, speaking through a translator, adding that ecologically sensitive areas are excluded.
http://uk.reuters.com/article/mining-pdac-mongolia-idUKL2N1GI020
The big picture – Work available in Hydrocarbon Kitchens only Basin Openers need apply
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