British Petro Matad, which controls the Heron oil field in Mongolia (the Mongol name “Tsen Togoruu”), began selling oil, selling reserves obtained from October 2024 to May 2025, the company said.
oil was sold Petrochina Daqing Tamsag (“Daughter” Daqing Oil Field, which is part of the China National Petroleum Corporation, CNPC) as part of an agreement concluded between the parties in April. It is clarified that the gross revenue from the sale amounted to $ 1.18 million, which is 70% of the total amount.
“Retrochina, retained 30% of the amount in anticipation of confirmation from the tax authorities of Mongolia that customs duties, VAT or other taxes will not be charged from the oil and oil carrier. After the payment of royalties and the government of the government in income, the Petro Matad net profit from this payment is 0.81 million dollars, ”the report said.
in early March Petro
