1 GTJAI ASSISTS STATE BANK OF MONGOLIA IN COMPLETING A US$100 MILLION REG S BOND TAP ISSUANCE WWW.ACNNEWSWIRE.COM PUBLISHED:2026/05/12      2 BATSUMBEREL N. ELECTED MPP DEPUTY CHAIRMAN WWW.MONTSAME.MN PUBLISHED:2026/05/12      3 JICA TWO-STEP LOAN PROJECT DELIVERS LONG-TERM FINANCING TO MONGOLIAN SMES WWW.MONTSAME.MN PUBLISHED:2026/05/12      4 UN HIGH COMMISSIONER FOR HUMAN RIGHTS VOLKER TÜRK VISITING MONGOLIA WWW.GOGO.MN PUBLISHED:2026/05/12      5 ‘CLIMATE REFUGEES’ FLEEING RED DUST WWW.UBPOST.MN PUBLISHED:2026/05/12      6 NATIONAL RESILIENCE STRATEGY TO BE DEVELOPED, APPROVED FOLLOWING PRESIDENTIAL DIRECTIVE WWW.MONTSAME.MN PUBLISHED:2026/05/12      7 BOOK EXCHANGE PROGRAM LAUNCHED WITH U.S. LIBRARY OF CONGRESS WWW.MONTSAME.MN PUBLISHED:2026/05/12      8 CHINA-MONGOLIA MEGA RAILWAY PROJECT ENTERS CRITICAL PHASE WWW.CHINADAILY.COM.CN PUBLISHED:2026/05/12      9 MONGOLIA’S FOREIGN TRADE TURNOVER REACHES USD 10.5 BILLION WWW.MONTSAME.MN PUBLISHED:2026/05/12      10 ASIATIC WILD ASS RETURNS TO EASTERN MONGOLIA AFTER 65-YEAR ISOLATION FROM LANDSCAPE FENCING WWW.GOODNEWSNETWORK.ORG PUBLISHED:2026/05/12      СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧНИЙ САЛБАРТ АНХ УДАА ӨРСӨЛДӨӨНТ СОНГОН ШАЛГАРУУЛАЛТ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     АТГ: ШААРДЛАГА ХАНГААГҮЙ КОМПАНИД 6.5 ТЭРБУМЫН САНХҮҮЖИЛТ ОЛГОСОН ХЭРГИЙГ ШҮҮХЭД ШИЛЖҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     Б.БАТЦЭЦЭГ: БРАЗИЛ, ИСПАНИ, КЕНИ УЛСАД ЭЛЧИН САЙДЫН ЯАМАА НЭЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     “ХАО ГАН” КОМПАНИ МОНГОЛ РУУ 6.5 САЯ ТОНН ЖИМС, ХҮНСНИЙ НОГОО ЭКСПОРТОЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     МОНГОЛ, БНХАУ-ЫН ХАМТАРСАН ҮЙЛДВЭРЛЭЛ, ХУДАЛДААНЫ ЧӨЛӨӨТ БҮСИЙГ ХӨГЖҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     НИЙТИЙН АЛБАН ТУШААЛТАН ХАХУУЛЬ АВСАН ХЭРГҮҮДИЙГ ШҮҮХЭД ШИЛЖҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     "РИО ТИНТО"-Д МЕНЕЖМЕНТИЙН ТӨЛБӨРИЙГ БУУРУУЛАХ СОНИРХОЛ АЛГА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/05/12     МАНАЙ ТӨРИЙН БАЙГАА ЦАРАЙГ ЗАСГИЙН ХЯНАГЧ, ЯАМНЫ БЭЛТГЭСЭН ЭМГЭНЭЛ ХАРУУЛАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/12     "2033 ОН ГЭХЭД 23 КМ УРТ ҮЕРИЙН ХАМГААЛАЛТЫН ДАЛАНГ ШИНЭЭР БАРИНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     "МОНГОЛ УЛС НЭН ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛ АВАХ БОЛОМЖ ХУМИГДАЖ БАЙНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

64x64

Mongolia: The Amendment On Constitution Of Mongolia www.mondaq.com

New Constitution of Mongolia established a representative democracy after revolution from Socialist society to Democratic society which was adopted on January 13, 1992 and amended in 1999 and 2001. Under the last amendment on the Constitution, the new paragraphs are added on following articles of sovereignty, human rights and freedoms, structure of state including State Great Khural, Government, Judiciary, Municipal governing body, Constitutional court and amendments of Constitution are included it. This Constitution was approved to protect the better human rights than previous constitutions which had been adopted in 1924, 1940 and 1960.

The State Great Khural of Mongolia passed amendments on the Constitution on November 14, 2019. This amendment shall be effective starting from July 01, 2020 or after the State Great Khural (Parliamentary) election.

In brief, the amendments of the Constitution additionally introduced several new articles more than changed or modified previous articles as follows;

Sovereignty & the human rights and freedoms;
State Great Khural (Parliament)
Executive Branch;
Judiciary;
Local governance.
2. Amendments of Constitution
1. Main changes in the Sovereignty in the Chapter One
Article 6 (amended) 6.2 The land, except for the property owned by the citizens of Mongolia, subsoil, its wealth, forests, water resources, and wildlife shall be state public property.
2. Main changes in the Human rights and freedoms in the Chapter Two
Article 19 (new) 19.1 The political party that united by at least one percent of Mongolian citizen who are entitled to vote in the election shall be established in according with Article 16.101 of the Constitution and conduct national policy.
3. Main changes in the State Great Khural (Parliament) in the Chapter Three
Article 21 (amended) 21.4 The election procedure of the State Great Khural (Hereinafter "Parliament") shall be determined by law.
It is prohibited to approve and amend the Law of Mongolia on election within one year prior to the regular election of the Parliament.
Article 22 22.2 The Parliament may decide to dissolve itself by at least two-thirds of the members of the Parliament if at least two-thirds of its members consider that the Parliament is unable to carry out its mandate, or if the President in consent with the Speaker of the Parliament proposes to do so for the same reason hereinabove. (amended)
22.3 If the President is not able to discuss and decide the proposal for appointing the Prime Minister of Mongolia within forty-five days, after its submission to the Parliament in accordance with Article 39.8 of the Constitution or the resignation of the Prime Minister in accordance with Article 43.1 of the Constitution or within thirty days after resignation of the Prime Minister, the President shall decide to dissolve the Parliament.(new)
22.4 The Parliament shall announce the election within ten days after the above decision and the election shall be conducted within sixty days upon announcement. The Parliament shall retain its power until newly elected member is sworn. (new)
Article 25 (amended) 25.1.7 The Parliament entitle to approve state finance, loans, taxes, monetary policy, state economic and social development policies, operational programs of the Government was developed as national security policy, state budget and its report of performance
Article 26 (amended) 26.1 The President, Members of the Parliament, and the Government shall exercise the right to initiate legislation. The scope and limits of the right to initiate legislation shall be determined by law.
Article 27 27.6 Sessions of the Parliament and sittings of its Standing Committees shall be considered valid with the presence of a majority of its Members, and the issues shall be decided by a majority vote of the Members present in such sittings unless otherwise provided by the Constitution. (amended)
27.7 The Members of Parliament shall resolve issues by openly voting. A secret ballot shall be held if it's supported by a majority voting of the members of the Parliament or specified in the Constitution and other laws. (new)
4. Main changes in President in the Chapter Three
Article 30 (amended) 30.2 An indigenous citizen of Mongolia, who has attained the age of fifty years and has permanently resided in his / her motherland for at least five years, shall be elected as the President only once for a term of six years.
5. Main changes in Executive branch (Government) in the Chapter Three
Article 39 (amended) 39.1 The Government shall be comprised of the Prime Minister and Members of the Government. The Prime minister and up 4 members of the Government may hold concurrently position of member of the Parliament.
39.3 The Prime Minister of Mongolia shall, in concurrence with the President, submit drafted law on the structure and composition of the Government to the Parliament. If the Prime Minister is not able to reach a consensus on this issue with the President within a week, then Prime Minister shall submit it to the Parliament.
39.4 Government members shall be appointed, dismissed and resigned by Prime Minister upon introduced to Parliament and President. Government members shall swear to the Parliament.
Article 43 (amended) 43.1 In case of not less than a quarter of Members of the Parliament shall make a formal proposal to resign the Prime Minister, the Government shall discuss it in three days and decide it within ten days. Resolution of the Parliament related to resignation the Prime Minister shall be deemed to approve if a majority of the Members of the Parliament support the proposal.
43.2 The Government shall resign in its entirety, if the Prime Minister has resigned.
Article 44 (amended) 44.1 If the Prime Minister introduces a draft resolution to be entrusted to him on specific issues of the state budget and policy, the Parliament shall discuss it in three days and resolve it within ten days by a majority vote of the Members of the Parliament.
44.2 If the Parliament passed the resolution, it shall be deemed that the Parliament entrusted to the Prime minister and to support it. If the resolution is not adopted, the Prime Minister shall consider resigning and the new Prime Minister shall be appointed within thirty days.
6. Main changes in Judiciary system (Court) in the Chapter Three
Article 48 (amended) 48.1 The judicial system shall consist of the Supreme Court, the aimag and the capital city courts, soum (county) or inter-soum (inter-county), and district courts and the court may be established by circumferential principal. The specialized courts, such as criminal, civil and administrative by task types of the administration of justice, may be established. The activities and decisions of these specialized courts shall not but be under oversight by the Supreme Court.
Article 49 49.5 Five members of the Judicial General Council (hereinafter "Council") shall be selected from among the judges and openly nominate the other five members. They shall work once for four years and a Chairman of the Council shall be elected from among of the members of the Judicial General Council. Report on Council activities in connection with ensuring the independence of judge shall be presented to the Supreme Court. Organization of Council, operational regulation, the requirement for its 4 members and the rules of appointment shall be determined by law. (amended)
49.6 The Disciplinary Committee of the Court has the following duties such as suspending from the position of judge, dismissing a judge and imposing other disciplinary sanctions under the procedure and the grounds specified in the law and its power, organization, operational procedures, requirements for members and appointment procedure shall be adopted by law. (new)
7. Main changes in local governance system in the Chapter Four
Article 57 (amended) 57.2 The legal status of town with national and local rank in the administrative and territorial unit as well as own governance and organization of soum(village) shall be prescribed by law.
Article 59 (amended) 59.2 Local self-governing organs in aimag, capital city, soum and district shall be the Khural of Citizen Representatives (Local assembly) in their respective territory, the General Khural of Citizens (Local meeting) in bag and horoo.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

...


64x64

Central bank reports on outstanding pension loan balance www.montsame.mn

Ulaanbaatar /MONTSAME/. Concerning the issue of one-time cancellation pension-backed loan debts proposed by the National Security Council of Mongolia, which is under discussion at the parliament level, Bank of Mongolia today presented the latest pension loan balance report.

As of December 31, 2019, there is a total outstanding pension loan balance worth MNT 757.9 billion in 228.7 thousand bank accounts. Compared with December 2018, the outstanding pension loan balance decreased by 18.1 percent or MNT 167.5 billion. Average pension loan per lender equals to MNT 3.3 million.

20.1 percent of total pension loan lenders has outstanding balance up to MNT 3 million, 55.1 percent has unpaid loan debts from MNT 3 to MNT 6 million, 15.4 percent has between MNT 6-10 million and remaining 9.4 percent has loan balance of more than MNT 10 million.

Concerning some allegations that the large amount of pension loan was issued in December 2019 soon before the President Kh.Battulga announced the decision on forgiveness of pension-backed loans in his New Year’s greetings, the central bank released the following table of statistics, which shows the amount of pension loans issued in each month of 2018-2019. It can be seen that pension loans issued in December 2019 amounted to MNT 55 billion, which was kept the same as monthly average and MNT 1 billion less than that of November 2019.

...


64x64

Government to manage sovereign wealth fund www.montsame.mn

Ulaanbaatar /MONTSAME/. Today, January 9, Parliament backed draft resolution on measures following the new amendments to the Constitution of Mongolia. The resolution is aimed at coordinating the concepts and visions set out in the recent amendments to the Constitution with corresponding legislations, carrying out law reform, and promoting their significance to the people of Mongolia.

When adopting the resolution, the Parliament granted the rights and responsibilities of overseeing the sovereign wealth fund to the Government of Mongolia. Concerning the decision, the government will be in charge of establishing the sovereign wealth fund, composed of development and accumulation funds, and managing their financial capitals as a primary shareholder.

The Constitution of Mongolia amended in November 2019 states that the land except that in citizen’s private ownership, as well as the subsoil with its mineral wealth, forests, water resources, and game is the property of the public and State. Benefits from the subsoil wealth shall be collected to the sovereign wealth fund and be distributed fairly.

Funding for the sovereign wealth fund is considered to be coming from mining royalty fees, dividends of government shares, revenues from stock trading, revenues from oil and natural gas production sharing agreements and net income from investment of the fund.

...


64x64

Foreign exchange reserve increases, reaching its highest level www.montsame.mn

Mongolia's foreign trade profit has grown up and reached USD 1.5 billion in the first 11 months of 2019. An increase of the foreign trade profit positively affected to accumulation of foreign exchange reserves. As of November, 2019, foreign exchange reserves reached USD 4 billion.

As the donor organizations disbursed funding of USD 200 million to the Government of Mongolia within the Extended Fund Facility Program being carried out by the Government of Mongolia in partnership with the International Monetary Fund, foreign exchange reserves reached its highest level in its history. Specifically, the Asian Development Bank disbursed USD 100 million in December, 2019 while the World Bank USD 100 million on January 3 and 6, 2020.

It is expected that increase of the foreign exchange reserves positively influence to maintain exchange rate of MNT against foreign currencies, successfully repay foreign debts that are scheduled to be paid in the mid-term as well as to raise and keep credit rating of Mongolia stable.

...


64x64

Ulaanbaatar railway purchases eight locomotives www.montsame.mn

Ulaanbaatar /MONTSAME/ Eight locomotives purchased by Ulaanbaatar Railway JSC from the Russian Federation to meet the ever-growing railway transport demand were brought into the country this morning.

Of the eight new locomotives, seven are designed for main roads and one is a substitution. Ulaanbaatar Railway’s transport volume increased constantly over the last three years and the company transported 28.1 tons of freight last year, surpassing its capacity ceiling. The company has bought the new locomotives as the volume of transport of export and import products and transit transport is set to increase further.

The locomotives which are capable of operating in temperatures from -50°C to +50°C are suitable for Mongolia and have auto control systems that ensure normal operations.

Ulaanbaatar Railway purchased three locomotives of the same kind in 2018. Today, the company is operating with a total of over 120 locomotives.

...


64x64

Teck to up coal shipping capacity 50% from BC port www.mining.com

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced Wednesday an expanded commercial agreement with Ridley Terminals Inc. (RTI) for shipments of steelmaking coal from Teck’s British Columbia operations.

The agreement runs from January 2021 to December 2027, and increases contracted capacity from 3 million tonnes per annum (Mtpa) to 6 Mtpa with an option for Teck to extend up to 9 Mtpa. This will enable Teck to increase its shipment volumes through the Ridley terminal to provide more flexibility and better performance within its overall steelmaking coal supply chain.

“This agreement with Ridley Terminals, in combination with upgrades underway at our Neptune Terminal and our recent agreement with CN,” said Don Lindsay, President and CEO of Teck. “We are looking forward to building on our strong working relationship with RTI and new principal owners Riverstone-AMCI to safely and efficiently transport our product to customers.”

The terms of the agreement are confidential, the companies said in the media release.

...


64x64

Cabinet approves agreement between India and Mongolia on Cooperation in the Exploration and Uses of Outer Space for Peaceful and Civilian Purposes www. pib.gov.in

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for an Agreement between Government of the Republic of India and Government of Mongolia on Cooperation in the Exploration and Uses of Outer Space for Peaceful and Civilian Purposes.

The Agreement was signed at New Delhi on 20 September 2019 during the state visit of the President of Mongolia to India.

Details:

• This Agreement shall enable pursuing the following potential interest areas of cooperation such as, space science, technology and applications including remote sensing of the earth; satellite communication and satellite based navigation; Space science and planetary exploration; use of spacecraft and space systems and ground system; and application of space technology.

• The Agreement would lead to set up a Joint Working Group, drawing members from DOS/ISRO and Communications and Information Technology Authority of the Government of Mongolia, which will further work out the plan of action including the time-frame and the means of implementing this Agreement.

Financial Implications:

The financial arrangements to cover expenses for the co-operative activities undertaken within the framework of this Agreement will be jointly decided by the respective Participants on a case-by-case basis subject to the availability of funds.

Benefits:

Cooperation with and the Government of Mongolia through this Agreement would lead to develop a joint activity in the field of application of space technologies for the benefit of humanity. Thus all sections and regions of the country will get benefited.

Implementation Strategy and Targets:

The signed Agreement would lead to concluding specific implementing Arrangement and setting up of Joint Working Group, to work out the plan of action including the time-frame and the means of implementing this Agreement.

Impact:

The signed Agreement will provide impetus to explore newer research activities and application possibilities in the field of remote sensing of the earth; satellite communication; satellite navigation; space science and exploration of outer space.

Background:

• Department of Space (DOS) and the Mongolian Ministry of Infrastructure signed an 'Agreement for cooperation in space science, technology and applications' on January 15, 2004. Apart from training of Mongolian officials on space technology application, no major cooperative activities have been taken up. When our Embassy in Mongolia was contacted for reviving the cooperation, it is understood that Mongolian Ministry of Infrastructure is abolished and the space activities are presently handled by Communication and Information Technology Authority (CITA) of Mongolia.

• Embassy has further mentioned that, b high level delegation from Mongolia is expected to visit India during September 2019 and space cooperation would be one of the agenda. Embassy requested ISRO to share a draft Agreement on space cooperation for further taking up with CITA. Accordingly, a draft Agreement for India-Mongolia Space cooperation was drafted and shared with

Embassy, with approval of Chairman, ISRO/ Secretary, DOS. Subsequently, Mongolian side has given its concurrence and both sides have arrived at workable version and proposed to sign the agreement during high level delegation visit from Mongolia.

...


64x64

Full stream ahead: Russia & Turkey launch TurkStream gas pipeline www.rt.com

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan have launched the long-anticipated offshore pipeline TurkStream, that will deliver Russian gas to Turkey and further to southern European states.
The 930 km pipeline across the bottom of the Black Sea became operational on Wednesday, with the two leaders attending a special opening ceremony. Serbia’s President Aleksandar Vucic and Bulgarian Prime Minister Boyko Borissovalso participated in the event, as the leaders symbolically launched the project from the stage.

"The supply of Russian gas through TurkStream will undoubtedly be of great importance not only for the economy of Turkey and the Black Sea region, but will also have a positive impact on the development of many South European countries, and will contribute to improving the energy security of Europe in general,” Putin said. He also thanked his Turkish counterpart for the “political will” that was necessary to implement such a massive initiative.

As Russia remains the main gas supplier for Turkey, the countries will implement new joint energy projects, Turkish President Recep Tayyip Erdogan vowed on Wednesday. Russia is also involved in another massive energy project in Turkey, Akkuyu nuclear power plant (NPP), which is set to become operational later this year.

In his remarks at the inauguration ceremony, Russian Energy Minister Alexander Novak said that the launch of one of “largest construction projects in modern history” marks a “historic day” for the world energy development as a whole.

TurkStream is the “Silk road of the energy world” and a big step forward for Turkey, as well as a cornerstone of the relations between the two nations, Turkish Energy Minister Fatih Donmez told the audience.

The TurkStream natural gas pipeline was created as an alternative to the South Stream pipeline after Bulgaria ditched the project in 2014, under pressure from the US. The two-string TurkStream boasts the total capacity of 31.5 billion cubic meters, with one line supplying Turkey and the other transferring the blue fuel to southern and southeastern Europe.

RT
In a last-ditch effort to stop Russia’s energy projects, US President Donald Trump signed into law the massive National Defense Authorization Act in late December. According to the document, companies involved in the construction of both TurkStream as Nord Stream 2 could face US penalties unless they quit the Russian projects.

However, unlike Nord Stream 2, the offshore section of the TurkStream had been already completed by that time. Ankara has also vowed to retaliate against any US sanctions.

pipeline to get the gas supplies from Russia. In late December, Bulgaria announced its readiness to receive natural gas from Russia’s Gazprom via Turkey. The new route is more economically viable for the country and could make gas cheaper for its consumers by around 5 percent, according to the country's Energy Minister Temenuzhka Petkova.

Serbia is also looking forward to getting Russian gas supplies and has already completed its section of the pipeline. But the country is not directly linked to the pipe, and will have to wait until neighboring Bulgaria extends TurkStream to its border. Russian President Vladimir Putin earlier accused Sofia of deliberately delaying the construction of its section, warning that Moscow can find ways to bypass its territory, if necessary.

“This pipeline will allow Serbia to get gas at decent prices, better than we’ve had been so far,” Serbian President Vucic said on Wednesday, as cited by the local media. He noted that the project would allow Serbia to attract more investment and develop industrial production.

Serbia’s northern neighbor Hungary also wants to use the TurkStream natural gas pipeline to diversify national energy supplies. Budapest hopes that Sofia and Belgrade will finish their legs of the project in time, allowing it to get the first Russian gas supplies in 2021.

...


64x64

Airfares for four routes by MIAT lowered www.montsame.mn

Ulaanbaatar /MONTSAME/. It has been recently reported that Mongolian national flag carrier MIAT Mongolian airlines lowered its ticket prices by 15-37 percent. The MIAT Company emphasized that four routes carried out by the airline are subject to price reduction, including;

Airfares between Ulaanbaatar and Seoul dropped by 32-37 percent compared to 2018, and the lowest price for round-trip flights in this destination is currently around MNT 864 thousand 900.

Airfares between Ulaanbaatar and Busan fell by 35 percent compared to 2018, and the cheapest price for round-trip flights in this destination is around MNT 773 thousand 800.

Airfares between Ulaanbaatar and Hong Kong fell by 44 percent compared to 2018, and the lowest price for round-trip flights in this destination is around MNT 1 million 35 thousand 800.

Airfares between Ulaanbaatar and Berlin dropped by 44 percent compared to 2018, and the lowest round-trip price in this destination is around MNT 1 million 35 thousand 800. The MIAT Company also reduced the ticket price of only Sunday flights in this route by 20 percent since 2019 beginning from January 19 and the lowest fare for round-trip flights between Ulaanbaatar and Berlin is around MNT 2 million 61 thousand 500.

Furthermore, the company added new destinations, such as flights to Shanghai on Wednesdays and Saturdays. MIAT also operates seasonal flights to Osaka, Guangzhou and Frankfurt cities during summer season.

...


64x64

Hedge Fund to be set up to stabilize price of AI-92 gasoline www.montsame.mn

At its regular meeting held today, January 8, the Cabinet made a decision to set up Hedge Fund in order to keep the price of AI-92 gasoline stable.

Stabilizing price of AI-92 gasoline, which is commonly used by the citizens, has significance to back up economic growth and avoid price increase in other goods. Furthermore, for the first time, Mongolia will introduce a mechanism to stabilize price of imported petroleum in consistent with world market.

In its Action Program for 2016-2020, the Government set a goal to ease price burden as making fuel price coherent with world market price. No additional financing will be required from state budget to make this coordination and changes will not be made in any agreements that were concluded with foreign countries by oil- importing companies.

...