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AmCham Mongolia Daily Newswire

October 10, 2018

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Foreign Minister pays an official visit to France
Minister of Foreign Affairs D. Tsogtbaatar is paying an official visit to France, at the invitation of French Minister of Europe and Foreign Affairs Jean-Yves Le Drian. During the visit, the sides will exchange views on strengthening bilateral political, defense, economic, and humanitarian cooperation, and define a roadmap for partnership. The minister has also met with executives from French companies, including Thales, Eurotradia, CIS, and Atermes.

The Century News /page 2/
Germany’s 55 million EUR in aid to be invested in three sectors
On October 9, State Secretary of the Ministry of Finance S. Narantsogt and Head of the Department of the Federal Ministry of Economic Cooperation and Development of Germany Kathrin Oellers signed a 55.4 million EUR aid agreement. The State Secretary noted, “The funds  will be allocated for the energy, mining and education sectors.” Ms. Oellers stated, “We have decided to invest in priority sectors of Mongolia, and over 8 million EUR will be allotted specifically for education sector development.” Germany has provided development aid to Mongolia since the 1990s, with the total amount provided approaching 400 million EUR.     

Daily News /page 5/
Revenue from production sharing contracts expected to grow by half
According to official data, 21 entities have established production sharing contracts (PSCs) for crude oil exploration and production with the state for 26 blocks, covering a total of 331,400 square kilometers. PetroChina Daqing Tamsag LLC is conducting petroleum extraction activities at the Toson Uul-19 and Tamsag-21 blocks, while Dong Sheng Petroleum Mongolia LLC runs operations at the Zuunbayan 97 block. PetroChina accounts for almost 95 percent of Mongolia's petroleum export. State authorities expect petroleum export volume to reach 8.15 million barrels in 2019, generating 335.6 billion MNT in state revenue, a figure that's  50.2 percent higher than an initially approved plan.
Today /page B1/
State Secretary D. Davaasuren receives Deputy Assistant Secretary for Southeast Asia of the U.S. State Department
State Secretary of the Ministry of Foreign Affairs D. Davaasuren received Deputy Assistant Secretary for Southeast Asia of the U.S. State Department Patrick Murphy, on October 9. The sides discussed preparations for political, commercial, investment, defense, and energy consultative meetings. During the PM’s recent visit to the U.S., the meetings were arranged to be held at the end of 2018 and the beginning of 2019. Mr. Murphy will pay a courtesy call on President Kh. Battulga and Deputy Prime Minister U. Enkhtuvshin, and will also be meeting with Defense Minister N. Enkhbold.
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