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At today's (May 24, 2022) meeting of the Parliament's Standing Committee on Security and Foreign Policy, the draft resolution of the Standing Committee on measures to increase the benefits to Mongolia from PetroChina Daqing Tamsag LLC was discussed. The Government of Mongolia is instructed to take the following measures to explore, exploit, mine and rehabilitate nature, and to increase the benefits that PetroChina Daqing Tamsag LLC receives from Mongolia.
To study the issue of renewing the production sharing agreement with “PetroChina Daqing Tamsag” LLC, which transferred the rights and responsibilities of the production sharing agreement concluded at Toson-Uul-XIX and Tamsag-XXI oil fields, in accordance with the current laws and regulations, and to increase Mongolia's efficiency The draft amendments to the Law on Minerals and the Law on Petroleum Products will be submitted to the State Great Hural (Parliament) in the autumn of 2022.
Also, within the framework of supplying raw materials to the refinery, intensify oil exploration and research work, fully support the process of identifying new reserves, ensure the implementation of the 2020 Environmental Management Plan of “Petrochina Daqing Tamsag” LLC, and connect the 2021-2022 plan. Immediate approval and monitoring of implementation within the framework of the legislation, and the use of power supply and equipment by Toson-Uul-XIX and Tamsag XXI sites of PetroChina Daqing Tamsag LLC by a professional organization or business entity licensed to transmit, distribute and supply energy The issue of sizing is reflected.
In addition, to resolve disputes related to social insurance premiums in accordance with the law, to study the issue of amending the relevant laws, and to file a complaint to “Petrochina Dachin Tamsag” LLC to pay VAT, CIT and personal income tax in 2018. More than 590 tons of chemical wastes that do not meet the quality requirements of oil exploration and production activities and need to be disposed of are currently being discussed and resolved at the meeting of the Tax Dispute Resolution Council. The Government has been instructed to take decisive measures within the framework of the current legislation.
MP H. Badelkhan clarified whether we can change the PSA. He said that the draft resolution stipulates that more than 590 tons of chemical waste will be resolved within the framework of current legislation. How is this expected to be resolved? How many people work in the oil refinery from the Chinese side and how many people from the Mongolian side? The draft resolution provides for the use of small amounts of water for industrial purposes. I was asked if this provision would be fulfilled.
To study the issue of renewing the production sharing agreement with “PetroChina Daqing Tamsag” LLC, which transferred the rights and responsibilities of the production sharing agreement concluded at Toson-Uul-XIX and Tamsag-XXI oil fields, in accordance with the current laws and regulations, and to increase Mongolia's efficiency The draft amendments to the Law on Minerals and the Law on Petroleum Products will be submitted to the State Great Hural (Parliament) in the autumn of 2022.
http://parliament.mn/n/16bon?fbclid=IwAR3yje2E_W6yAhb64VhUkEdGmRw5V6kIsMLIcTpgaG6b65RfCVFhoQW02Cw
The only hysteria comes from you trying to whip it up FA
On stabilizing the economy, the Chinese premier said that the country must ensure an adequate grain output and energy supply, and maintain the stability of prices and all factors underpinning economic development.
Impediments in logistics and upstream-downstream connections must be cleared to smoothen industrial and supply chains, Li said.
https://www.ndtv.com/world-news/china-coronavirus-china-covid-cases-china-covid-news-chinas-economy-once-robust-then-covid-returned-3000048