Source: News.mn             Date: 27 April, 2011

The Mineral Resources and Petroleum Authority has signed a new agreement with PetroChina Daqing Tamsag LLC that will see the Chinese company pay 5% royalty on its output. Talks are also being held on payment of taxes on the 5.3 million barrels of crude that have been drilled since 1998. The company works under an agreement dating from 1993. The company has also been asked to work on environmental rehabilitation of its area of operation.