Mongolia's crude oil exports to China amount to $55m
AKIPRESS.COM - Mongolia has exported most of its crude oil production this year to China for $55 million, the Ministry of Mining and Heavy Industry of Mongolia said.
A total of 4.20 million barrels or 569,000 tons of crude oil were extracted from the beginning of this year to Aug. 15, the ministry said.
Of this, 4.11 million barrels or 558,000 tons were exported to China.
Mongolia plans to produce 8.1 million barrels or 1.1 million tons of crude oil in 2018, which would contribute $93.31 million to the state budget.
It has so far implemented 50.71% of the export plan, Xinhua reported.