RE: China...9 Mar 2026 16:52
If you look at block 7, it’s very close to the Mongolian/China border. And has the same geology as western china. So regarding strategic resources, block 7 is more relevant to China imo. And easy to transport to Chinese refineries.
Regarding block 20, the licence has the potential to exceed refinery demand so any excess could, in theory, go to China.
Considering the Indians have a soft loan of over £1 billion for the refinery, you’d imagine they want to secure crude for the refinery to ensure the debt is at least serviced. The fact the loan is only at 1.5% suggests they are looking for a long term relationship with the Mongolians. And they may well be the party about to sign a farm out
MATD, debt free, are in a great position imo