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Energy

Xi promises Mongolia fuel as its August petrol book closes 8.4% short

Xi Jinping affirmed in Bishkek that China will keep supplying Mongolia with petroleum products through the market's instability. At home, the prime minister's task force closed August with petrol arrivals 8.4% short of orders, and diesel delivered in full.

Xi promises Mongolia fuel as its August petrol book closes 8.4% short


Khurelsukh thanked Xi for accepting Mongolia's request to purchase petroleum products "during a period of unstable fuel supply on the international market", by Montsame's readout of the meeting. Xi affirmed that China "would continue to support the supply of petroleum products to Mongolia, despite global market instability".

The month-end count is the news under the pledge. Of the 74,780 tonnes of AI-92 ordered for August, 68,502 had arrived by the month-end close, 6,278 tonnes short, while diesel came in full at 158,530 tonnes.

By the 27 August count, the petrol line ran a third short. The closing week moved the book.

September's estimates ask for less petrol and more diesel: about 65,000 tonnes against about 150,000. The task force counts 30 to 40 soums still short of both fuels, with 1,100 tonnes of petrol delivered to the capital and 681 to the provinces in the last day counted.

The closing week moved the book.

Behind the pledge, the rail package is specific. The Gashuunsukhait-Gantsmod border port is to be completed by 2027; 3 more crossings are named, Shiveekhuren-Sekhee, Bichigt-Zuunkhatavch and Khangi-Mandal; the readout routes a gas pipeline through Mongolian territory and sets a $30 billion trade target over 5 years.

The eastern supply line that August improvised now carries a presidential pledge.