RE: It will be a Merry Christmas! Santa Will Deliver!13 Dec 2023 09:18
"Magnai Trade" LLC, a major tycoon of the fuel market, began to explore for oil in the Eastern Province in 2018. Specifically, the 17th field in Bayantumen, covering 786,000 hectares of seven sums of the Eastern province, is going to be drilled, and it is still facing opposition from the local people.
In 2019, the governor of the province M. Badamsuren issued an order to vacate the land, considering that the company used unauthorized land in the Eastern region and placed a drilling tower, a large number of containers and equipment.
In this regard, "Magnai Trade LLC filed a complaint with the court of first instance of Sum Dund civil case in Dornod Province. Governor of the province M. Badamsuren claimed that the company suffered damage due to the failure of drilling and demanded 2.5 billion MNT.
In this regard, the Governor of Dornod province, M. Badamsuren, claimed that "Magnai Trade" Ltd. claimed that "damages were caused due to non-drilling in the area of Choibalsan Sum" and sued for 2.5 billion MNT.
In 2010, Bayantumen 17, which covers 7 sums of our province, the company signed an agreement to share oil products.
In 2019, the governor of the province issued an order to vacate the site, considering that the company used the land without permission and placed a drilling tower, a large number of containers and equipment.