THE LAW OF MONGOLIA ON PETROLEUM: PRODUCTION SHARING AGREEMENTProduction Sharing Agreement • August 8th, 2015
Contract Type FiledAugust 8th, 2015The Parliament of Mongolia approved the revised version of Law of Mongolia on Petroleum (the “Petroleum Law”) on 1 July 2014, which came into effect on 20 July 2014. The Petroleum Law sets out a comprehensive legal framework for the petroleum sector of Mongolia compared to the 1991 enacted petroleum law, which had been considered as no longer fit into current development of Mongolia.