ULAN BATOR, April 17 (Xinhua) -- Mongolia exported 1.85 million barrels or 251,000 tons of crude oil in the first quarter of this year, the country's Ministry of Mining and Heavy Industry said Tuesday.
(Workers are seen at the construction site of a crude oil terminal in Zhoushan, Zhejiang province, China March 18, 2018. Photo: Reuters)
Mongolia is planning to extract 8.1 million barrels or 1.1 million tons of crude oil this year, which would contribute 223.4 billion Mongolian Tugrik ($93.31 million) to the state budget.
At present, the country has implemented 14.1 percent of its export plan, the ministry said in a statement.
Currently, Mongolia exports crude oil to China and imports petroleum products from Russia.