RE: Maybe of interest6 Jul 2020 13:01
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The social responsibility agreement is starting to pay off
2020/07/06
The social responsibility agreement is starting to pay off
Articles 11, 2, and 17 of the Petroleum Law stipulate that a mining license holder must enter into an agreement with the soum or district governor in which the license area is located, which provides for the protection of the environment and voluntary support for local development. However, Petro China Daqing Tamsag has not yet signed an agreement with Matad and Khalkhgol ??soums of Dornod aimag, where oil fields 19 and 21 are located, and has not made a significant contribution to the development of these soums. Therefore, starting from 2018, we have been working with the current authorities of Matad soum, the people and civil society organizations to implement Articles 11, 2 and 17 of the Petroleum Law. Earlier this year, the issue was raised to a high level and the parties agreed to implement the provisions of the law on the basis of civil protests. The agreement stipulates that the 2018 and 2019 agreements will be reimbursed and 500 million MNT will be invested, and $ 450,000 will be provided annually from 2020, of which 400,000 will be invested and 50,000 will be disbursed in cash. Today, after many years of hard work, the agreement was reached, and the first tranche of $ 50,000 is in the Matad soum development fund. From 2020, $ 450,000 will be provided annually, of which $ 400,000 will be in the form of investments and $ 50,000 in cash. Today, after many years of hard work, the agreement was reached, and the first tranche of $ 50,000 is in the Matad soum development fund. From 2020, $ 450,000 will be provided annually, of which $ 400,000 will be in the form of investments and $ 50,000 in cash. Today, after many years of hard work, the agreement was reached, and the first tranche of $ 50,000 is in the Matad soum development fund.
© 2020 Jaran.MN
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