REGULATION FOR IMPLEMENTINGTHE PETROLEUM LAWOF THE MONGOLIAN PEOPLES REPUBLIC SECTION IGENERAL PROVISIONSArticle 1. Purposes The purposes of the Regulation for Implementing the Petroleum Law ofthe Mongolian People’s Republic are to legally confirm general regulations forthe Petroleum Operations in accordance with provisions and ideas of thePetroleum Law of the MPR. Article 2. Definitions 1. “Petroleum”means liquid petroleum and different compounds of hydrocarbons in a gaseous or solid state occurring in the entrailsof the earth and which maybe produced in association with petroleum orseparately. 2. “PetroleumOperations” means the operations related to the exploration, protection, production, processing, transportation, storageand marketing of Petroleum. 3. “PetroleumAdministration” means an organization (hereafter referred to as theAdministration) authorized by the MPR Government to enter into Agreementrelated to Petroleum Operations and ...