Block XX Oil Sales Agreement and Renewable Energy Expansion
One of 9,493 projects Taiyo tracks in Mongolia.
Source: Yahoo Finance UK
Petro Matad is nearing approval of its 2026 Oil Sales Agreement with PetroChina, enabling the sale of approximately 35,000 barrels of accumulated oil production from Block XX at higher market prices. The company is also advancing a 3D seismic survey program to improve reservoir understanding and support future drilling plans. Additionally, Petro Matad is expanding its renewable energy business thr
- Status
- Prospective
- Sector
- Oil and Gas, Energy Storage, Wind, Power Generation (CCGT), Water Supply and Storage, Solar
- Location
- Ulaanbaatar, Mongolia
- Updated
- 22 Jul 2026
- Source
- Yahoo Finance UK
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Petro Matad is nearing approval of its 2026 Oil Sales Agreement with PetroChina, enabling the sale of approximately 35,000 barrels of accumulated oil production from Block XX at higher market prices. The company is also advancing a 3D seismic survey program to improve reservoir understanding and support future drilling plans. Additionally, Petro Matad is expanding its renewable energy business through SunSteppe Renewable Energy, progressing plans for a 200MW hybrid power project and engaging in tenders for solar, wind, and battery storage projects between 90MW and 100MW, aiming to support Mongolia's energy transition. |
Original sector | Energy |
Location
Country | Mongolia |
City | Ulaanbaatar |
Source
Source | Yahoo Finance UK |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Energy Storage, Wind, Power Generation (CCGT), Water Supply and Storage, Solar |
Article published date | 2026-05-31 |
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