Rosneft Chairman of the Management Board Igor Sechin and Minister for Education and Science of Mongolia Luvsannyam Gantumur signed an Agreement to arrange the training of citizens of Mongolia in partner universities of Rosneft.
Russia’s Gazprom and China National Petroleum Corporation (CNPC) will need to decide whether their gas pipeline will run through Mongolia or not, Russian Natural Resources and the Environment Minister Sergei Donskoy on Wednesday.
Russian oil major Rosneft signed 12 agreements with its foreign partners at the St. Petersburg International Economic Forum, Prime reported on May 26. Rosneft signed an oil and oil product supply deal with Venezuela’s PDVSA; a U.S. $1.3 billion oil product supply deal with Mongolia’s NIC, and an oil supply agreement with Petrovietnam.
Mongolia has proposed that Russia should build rail and automobile roads, oil and gas pipelines, and power transmission lines through its territory to China, the Natural Resources and Environment Protection Ministry said in a statement on November 27 following an intergo
Mongolia's oil reserves are on a scale with Britain's and Argentina's, but finding investors brave enough to exploit them is proving tough, and cracks appearing in the country's mining industry could make it tougher.