This year, Mongolia drilled a total of 8.4 million barrel or 1.1 million tonnes crude oil, 6 thousand barrels or 821 thousand tonnes of which were exported to China.
During its regular meeting on 1 November, the Cabinet discussed the appointment of B.Khurts, who until a few days ago was Mongolia’s chief spymaster, as the country’s ambassador to the Republic of Korea.
The Asia Society has announced this year’s recipients of the Asia Game Changer Awards, which recognize those making a transformative and positive difference for the future of Asia and the world.
Without doubt, the mining sector is the main pillar of economic growth and development in Mongolia. In recent years, the sector has contributed to approximately 20% of the GDP, approximately 60% to industrial output and about 80% of total exports (World Bank Group).
The Ministry of Mining and Heavy Industries of Mongolia has proposed to the Cabinet to delay the increase of fuel import tax. The proposal aims to stabilize fuel supply and retail prices; it also intends to decrease the tax increase agreed by between the Finance Ministry and IMF team.
Newly accredited Ambassador Extraordinary and Plenipotentiary of the Republic of the Philippines Jose Santiago Romana and Ambassador Extraordinary and Plenipotentiary of the Republic of Kyrgyzstan Azamat Usenov presented letters of credence to the President of Mongolia, Mr Khaltmaagiin Battulga on Wednesday.
Made from the wool of Mongolian yaks and highly durable, each pair of Yakamel socks is created with a sole that’s slightly thicker for additional warmth and cushioning. The socks are 90 percent yak wool, with 6 percent spandex and 4 percent viscose to ensure a snug and secure fit.
Former spy chief D.Gerel is to return as the new director of Mongolia’s Central Intelligence Service (CIS). The new appointment was made following a meeting of the Cabinet earlier today (1 November).
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