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Energy

Mongolia asks PetroChina for 12,000 tonnes a month

China agreed 6,000 tonnes of petrol for August. The prime minister wants that doubled and made standing, and he wants it cheaper.

Mongolia asks PetroChina for 12,000 tonnes a month

Prime minister Uchral Nyam-Osor received Zhang Guangyan, general manager of PetroChina Dachin Tamsag, a CNPC subsidiary two decades in Mongolia, in a meeting Montsame reported on Saturday. China has agreed to supply 6,000 tonnes of AI-92 in August, alongside the 3,000 tonnes of diesel approved earlier. Uchral asked that supply be raised and stabilised at 12,000 to 15,000 tonnes a month, said the scheduled delivery price is above international market rates, and asked the company to look at reducing it. Zhangโ€™s answer, as Montsame carries it: the company will focus on expanding cooperation โ€œat a time when global petroleum product supplies are tightening and prices continue to rise.โ€

Industry minister Damdinnyam Gongor travels to China this week on the same file. No readout of his Moscow trip, announced last week, has surfaced in the accounts read.

The rail line is delivering meanwhile: 15,158 tonnes of AI-92 entered through Sukhbaatar in the first week of August, 61 tank cars with 3,448 tonnes on Friday alone, and 39 cars loaded at Angarsk were due to cross on Saturday. The purchase cap stays at โ‚ฎ50,000, about $14: state secretary Dashpรผrev said on Friday that conditions for raising it to โ‚ฎ100,000 could be set โ€œstarting tomorrow,โ€ and no decision had been published by midday Monday in Ulaanbaatar. Rationing runs to 15 August. From the same date, under an order announced on 3 August, an odd-even plate restriction on driving takes effect across Ulaanbaatar to 12 September.

โ€œat a time when global petroleum product supplies are tightening and prices continue to riseโ€

The newest published pump number predates the rationingโ€™s first full week: National Statistics Office weekly data for 3 August, relayed by arslan.mn on Monday, put average AI-92 at โ‚ฎ2,840 a litre, about $0.79, up 3.1% on the month and 9.7% on the year. No posted price change by importers has surfaced in four cycles of looking.