Petroleum Law of 1991. Country/Territory Mongolia Document type Legislation Date 1991 (2001) Source FAO, FAOLEX Subject Energy, Mineral resources Keyword Oil Royalties/fees Mining Exploration Authorization/permit Geographical area Asia, Eastern Asia, Landlocked Developing Nations Entry into force notes Entry into force from the 13th of February 1991. Abstract The purpose of this Law is to regulate the operations of Mongolian and foreign entities or individuals involved in the exploration of and the protection, transportation, storage and marketing of petroleum originating in Mongolia. All petroleum occurring under the surface of the earth in MPR shall belong to the state. Petroleum related operations within the territory of Mongolia shall be carried out only in accordance with the permissions issued by the Central Administrative Authority in charge o Full text English References - Legislation Implemented by Regulation for implementing the Petroleum Law of the Mongolian People’s Republic. Legislation | Mongolia Keyword: Oil, Royalties/fees, Mining, Exploration, Authorization/permit Source: FAO, FAOLEX