Minister of Industry and Mineral Resources of Mongolia Tuvaan Tsevegdorj held a meeting with the executives of Dongsheng Petroleum Mongolia LTD, a company funded by the People’s Republic of China and operating in Dornogobi aimag of Mongolia, to exchange views on matters related to petroleum extraction and utilization. The meeting was held during the inaugural meeting of the Gobi Regional Council in Dornogobi aimag on May 12, 2025. 
At the meeting, Minister of Industry and Mineral Resources Tuvaan Tsevegdorj proposed that the company supply petroleum products to the Oil Refinery Plant, which is currently under development approximately 60 kilometers from the extraction site, when it will be commissioned in 2028.
"Dongsheng Petroleum Mongolia" LTD was established in accordance with the Production Sharing Agreement (PSA) approved under the Resolution of the State Great Khural of Mongolia of 1997 and has been operating in Mongolia since 2003 with 100 percent investment from the People’s Republic of China. Since its establishment, the company has drilled 132 exploratory and appraisal wells, investing a total of USD 367.4 million. The company has reported proven petroleum reserves of 26.05 million tons or 186.3 million barrels, of which 2.07 million tons or 14.86 million barrels are confirmed as recoverable. Currently, the company has extracted one million tons of crude oil from the contracted field, exporting it to the People’s Republic of China.

Published Date:2025-05-14