RE: ONGC India, ENTITY ?.23 Jul 2025 08:49
Negotiations will be held with investors from companies such as “Antre Gold” LLC, “Petrochina Dachin Tamsag” LLC, and “Badrak Energy” LLC
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The Government has issued a resolution on some measures to be taken to intensify the implementation of development projects included in the 2024-2028 Action Program of the Government of Mongolia and prioritize them according to their importance and effectiveness.
According to the resolution,
-In connection with the adoption of the Law on the Budget of Mongolia for 2025, the Statement on the Budget Framework of the Unified Budget of Mongolia for 2026, and the Law on Amendments to the Budget Estimates for 2027-2028, the relevant members of the Government are required to prioritize development projects based on their economic and social importance, feasibility, and funding sources, plan their implementation dates reasonably, and implement them without burdening the state budget by postponing the implementation of some projects,
-In order to ensure and intensify the readiness of development projects, update the feasibility studies and designs of some projects and urgently organize the selection of contractors,
-Negotiate with investors of companies such as “Antre Gold” LLC, “Petrochina Dachin Tamsag” LLC, and “Badrak Energy” LLC within the framework of the Constitution of Mongolia, international treaties, and relevant laws, develop appropriate draft agreements, relevant proposals, and conclusions, and present the final version to the Government session.
It also instructed to submit proposals for projects and measures to be included in the five-year development guidelines for Mongolia in 2026-2030, the draft investment program for Mongolia for 2026-2030, and to intensify measures to resolve investor complaints.
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