AKIPRESS.COM - Mongolia has extracted a total of 6.39 million barrels, or 867,100 tons, of crude oil so far this year as of Dec. 4, Xinhua reported with reference to the country's Ministry of Mining and Heavy Industry.

Of these, 6.09 million barrels, or 827,700 tons, were exported to China, earning 210.2 billion Mongolian Tugriks (77 million U.S. dollars), the ministry said in a statement.

The mineral-rich Asian country plans to extract a total of 8.15 million barrels, or 1.1 million tons, of crude oil this year, which would contribute 335.6 billion Mongolian Tugriks (123 million U.S. dollars) to the state budget.

The country has so far implemented 78.5 percent of its extraction plan and 74.8 percent of its export plan.

Currently, there is no oil refinery in Mongolia. The country's first oil refinery is under construction in the southeastern province of Dornogovi, with an expected date of commissioning in late 2022.