Mongolia has extracted a total of 6.007 million barrels, or 814,506 tons, of crude oil from the beginning of this year to Dec. 12, data released by the Ministry of Mining and Heavy Industry showed Friday.
Out of its total production, 5.879 million barrels, or 798,485 tons, of crude oil were exported to China in the period mentioned above, the ministry said in a statement.
The mineral-rich Asian country plans to extract 8.1 million barrels, or 1.1 million tons, of crude oil this year, which would contribute 93.31 million U.S. dollars to the state budget.
The country has so far implemented 74.11 percent of its extraction plan and 72.54 percent of its export plan, according to the ministry.
Currently, there is no oil refinery in the landlocked country. The first one in the country is scheduled to be commissioned in late 2022.
Editor:Cherie
