The Minister of Mining D.Gankhuyag Monday received a visiting delegation led by Mr Igor Sechin, the Rosneft president and chairman of the management board.
The Minister thanked the Russian Rosneft company for providing Mongolia with oil products for many years and noted that a regular meeting of the intergovernmental commission ran last year considered a matter on supplying up to 1.0 million tons of oil products to Mongolia a year. He also hoped that the railway transportation of crude oil from Russia to China through the Mongolian territory will be restored.
The Minister also thanked the company for studying opportunities to supply raw material to oil refineries which will be erected in Mongolia, in accordance with an internationally-used principle of exchange among three nations.
Mr Gankhuyag touched upon an issue of constructing a natural gas pipe through the Mongolian territory, and then noted it is urgent to establish a joint company to exploit the "Asgat" silver deposit and to intensify works of technological tests and selection. A decision to put this mineral deposit into an economic circulation was made at the intergovernmental commission.
The Minister pointed out that Mongolia’s government had made a decision to merge all state-owned entities, engaged in the mining field, into the state-run “Erdenes MGL” LLC, so the Mongolia-owned shares of the “Erdenet” Mining Corporation will be transferred to the “Erdenes MGL” LLC.
In response, Mr Sechin said the Mongolia-Russia traditional, friendly and brotherhood relations have been brought into a new volume, and said his company can collaborate in the biggest strategic projects, maintaining mutually-beneficial principles.
He said the company is ready to realize a project on supplying oil to Mongolia by pipe under a long-term contract because it is expensive to transport oil by railways.
It is urgent to share necessary information and to scrutinize this matter, the sides noted and expressed a mutual readiness to collaborate in the oil sector.