AGP Executive Report
Last update: a few seconds agoMongolia Energy Security: San Petroleum has commissioned a new 16,000-cubic-meter fuel storage facility, able to unload up to 14 rail tank cars at once, as part of the 2024–2028 push to build strategic oil reserves and stabilize supply. Coal-to-Chemicals Push: Mongolia’s government approved a Baganuur coal pyrolysis plant via public-private partnership, targeting 600,000 tonnes of semi-coke annually and a 40 MW thermal power component, with construction starting in Q4 and commissioning planned for Q1 2028. Banking Snapshot: Outstanding bank loans in Mongolia hit MNT 48.4 trillion in August, up 14.3% year-on-year, with business lending growing faster while consumer loan growth slowed. Regional Trade & Industry: Rio Tinto says it plans to expand marketing operations to trade more metals and derivatives, aiming to boost value from its global mining footprint including copper in Mongolia. Steel Market Signal: World crude steel output fell 1.2% in August to 144.2 million tonnes, with Asia and Oceania down 1.4%. Agri-Tech for Resilience: A drought-and-flood risk tool (WISE) has expanded worldwide, with an international rollout announced in Ulaanbaatar, linking farm risk planning to advanced watershed modeling. EV Charging Policy Watch: Australia’s regulator proposed rule changes that would let power networks play a key role in a $40m EV charging push, a move some industry players criticize as potentially distorting competition.
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