Mongolia Ulaanbaatar has huge potential for oil and minerals, will it become a world-class international project?Compared to the world's top five oil fields, Mongolia has super-large oil reserves, attracting the attention of international giants. This mineral area with a total area of about 7,500 square kilometers contains more than 30 exploration points such as gold, coal, manganese, fluorite, silicon, and iron ore, with estimated reserves of about 10 billion tons. The project is surrounded by complete hydropower and railway facilities, and the location mining advantage is obvious.
In the context of the warming of relations between China and Mongolia, can Mongolia quickly develop this potential petroleum mineral resource with the support of China's leading enterprises and the cooperation of central enterprises?In terms of the size of oil fields worldwide, Mongolia has oil reserves comparable to those of the world's top five oil fields. The world's largest oil field is located in the eastern part of Saudi Arabia, with proven reserves of up to 107400 million tons, while Mongolia's oil reserves are estimated to be as high as about 10 billion tons, which is quite a considerable scale.
In addition, Mongolia is rich in mineral resources and has the advantage of a variety of mineral resources, so whether it will become an international project with hundreds of billions of dollars has attracted the attention of countless international giants. It is worth mentioning that Mongolia has a relatively small population and is exceptionally rich in mineral resources, which makes Mongolia attract attention in the global mineral market.
Some people even ** that Mongolia's economy may surpass Dubai in the United Arab Emirates in the future, and Musk, the world's richest man, has also jumped from Mongolia's rare earth cooperative development to oil and mineral development, which may imply that oil exploration plays an important role in it. However, in order to truly develop the potential of petroleum and mineral resources, in addition to the abundant mineral resources, the cooperation and support of China and Mongolia is also crucial.
In recent years, relations between China and Mongolia have been warming, and in the field of oil exploration and exploitation, Sinopec and other Chinese companies have been carrying out related projects in an orderly manner. Therefore, it is foreseeable that without the cooperation and support of China's leading enterprises and central enterprises, even the best mineral resources will not be developed quickly. Overall, Mongolia has super-large oil mineral resources with huge potential and has attracted international attention. However, to realize this potential, the cooperation and support of China and Mongolia is crucial.
In the context of increasingly fierce competition in the global mineral market, how Mongolia can accelerate the development of petroleum and mineral resources with the help of international cooperation is worthy of further in-depth development. What are your thoughts on this?