Oil-importing companies to store at least 30 days of petroleum stocks

2019-11-19 17:31:00

Ulaanbaatar /MONTSAME/. During the Cabinet meeting held today, November 19, some 22 oil-importing entities were given a task to set aside reserves of crude oil enough for 30-day consumption next year. Based on the imported petroleum quantity and their types, the total volume of stocks was redefined at 133 thousand tons. 

This year, 26 companies are responsible to save up 6000 tons of A80 fuel, 35500 tons of AI92 fuel, 71750 tons of diesel fuel and 3500 tons of T1 aviation fuel. In accordance with government resolution, the stock is reserved at not less than 116 thousand 550 tons. 

Since August 2018 until August 2019, oil-importing companies have imported 1.6 million tons of oil.