PETROLEUM LAW OF THE MONGOLIAN PEOPLE’S REPUBLIC January 18, 1991 Ulaanbaatar CHAPTER ONE GENERAL PROVISIONS Article 1. Purpose of the Law The purpose of this law is to regulate the operations of Mongolian and foreign entities or individuals involved in the exploration for and the protection, processing, transportation, storage and marketing of petroleum originating in Mongolia. Article 2. Definitions 1. “Petroleum” means liquid petroleum and different compounds of hydrocarbons occurring under the surface of the earth and which may be extracted in a liquid, gaseous or solid state individually or in combination. 2. “Petroleum operations” means the operations related to the exploration for and protection, production, processing, transportation, storage and marketing of petroleum. 3. “Petroleum administration” means an organization authorised by the MPR Government to enter into contracts related to petroleum operations and to supervise their implementation. 4. “Contractor” means Mongolian...