WE HAVE RICH RESOURCES OF OIL SHALE

Ulaanbaatar /MONTSAME/ Mongolia has more than 700 billion tons of oil shale resources, the Mining Ministry says in its preliminary estimation. Some 60 deposits of oil shale are located in Tov, Ovorkhangai, Dundgobi, Omnogobi, Dornogobi, Khentii, Sukhbaatar and Bayankhongor aimags. The U.S. "Genie Oil Shale Mongolia" company wants to carry out a research into opportunities of founding an industry that produces petrol and diesel from the oil shale, for example, such an enterprise, established on the Khoot deposit would process 6,700 tons of high quality fuel a year.