Mongolia produces 5.12 mln barrels of crude oil so far this year

ULAN BATOR, Oct. 26 (Xinhua) -- Mongolia has extracted a total of 5.12 million barrels or 694,000 tons of crude oil from the beginning of the year to Oct. 19, data from the Ministry of Mining and Heavy Industry showed Friday.

Of these, 4.83 million barrels or 655,000 tons were exported to China, according to the data.

The mineral-rich Asian country plans to extract a total of 8.1 million barrels or 1.1 million tons of crude oil this year.

The country has so far implemented 63.19 percent of its extraction plan and 59.57 percent of its export plan.

Currently, there is no oil refinery in Mongolia. The first one in the country is expected to be commissioned in late 2022.