MONGOLIA BEGINS TO ATTRACT OIL, GAS EXPLORERS
Mongolian Petroleum Co. is proceeding with plans to offer more acreage to foreign oil and gas companies. The company is accepting applications through noon Jan. 31, 1992, for nine contract areas in southern and west central Mongolia. It also plans to offer more contract areas in eastern Mongolia next spring. The blocks are expected to be smaller than those presently offered. Mongolia presently has no oil or gas production.