Oil shale: Solution to Mongolia’s imported fuel dependency | Ubpost News: "Oil shale is said to be an alternative fuel source which provides a vast potential for profit to businessmen and entrepreneurs. Although Mongolia hasn’t even fully established its reserves of this possible miraculous mineral, foreign businesses have already begun eyeing Mongolia’s shale deposits.
MAK of Mongolia, USA’s Genie Oil & Gas, and France’s Total have introduced to the Ministry of Mining’s Petroleum Authority their pre-feasibility studies and even plans to extract petroleum from oil-bearing shale, shale deposits which contain petroleum, according to local newspapers.
Their pre-feasibility studies state that it would cost around 350 MNT to produce one liter of high quality (Euro-4 Standard of European emission standards for light commercial vehicles) diesel. When transportation costs, taxes, turnover, and other factors are added to the production, the fuel could be sold at a maximum price of 1,000 MNT per liter.
The relevant companies said that all they need from the government to produce cheaper high quality fuel is a business-friendly environment that supports the use of high tech equipment, and meets health and safety regulations."
'via Blog this'
