Speaker receives "Genie Oil&Gas" representative

Ulaanbaatar /MONTSAME/ The Chairman of the State Great Khural, Z.Enkhbold received Michael Jonas,the Executive Vice President of Genie Oil & Gas company; D.Ganbold the ambassador at-large; Ts.Gantsog, the professor of School of Physics and Electronics of Mongolia's National University on May 23. D.Ganbold said that a large resource of oil shale Mongolia has is of high quality similar to the Arabian petroleum as a research and probe have proven. He informed the Speaker that the U.S. "Genie oil" company is a pioneer in producing clean and affordable transportation fuels from the world's abundant kerogen-based oil shale and other oil and gas resources. "They are not drilling will heat shale strata at the depth of earth." Mike Jones said that it is possible to produce 90 percent produced petroleum, diesel, gas and natural gas from our oil shale. He also added that the Mongolian petroleum legal environment is similar to the U.S. legal environment and said that he is interested in manufacturing these products here. Mr Enkhbold said that will try to update the petroleum-related law and that it would be proper to meet with relative officials to consider the matter.