ID :
189190
Fri, 06/17/2011 - 10:12
Auther :
Shortlink :
http://m.oananews.org//node/189190
The shortlink copeid
MONGOLIA TO BOOST ROLE OF USA IN ENERGY SECTOR
Ulaanbaatar, Mongolia, /MONTSAME/ Mongolia promised Thursday to give US companies a role in its booming energy sector.
The Mongolian President Ts. Elbegdorj capped a trip to Washington with a White House meeting with Obama. In a joint statement released by the White House, the United States and Mongolia "emphasized their two countries' common interest in protecting and promoting freedom, democracy and human rights worldwide."
The two countries also promised to expand economic ties. During the visit, the Mongolian Airlines (MIAT) said it would buy three aircraft from the Chicago-based Boeing Co. at a value of USD 245 million.
"Mongolia noted the important role that US companies," the statement said, "will play in the development of the country's coal, other mineral resources, infrastructure, agriculture, energy and tourism industries."
Mongolia is opening up its mining industry to foreign investors, hoping to stimulate growth and alleviate poverty. The US-based Peabody Energy is among bidders to develop part of the Tavan Tolgoi mine, one of the world's largest coal fields.
"We regard the USA as our first 'Third neighbor' and we would like to improve that relations," Elbegdorj said at the Brookings Institution think-tank shortly before his summit with Obama. "We have a peaceful foreign policy," he said. "Some call it a tough neighborhood. But we exist next to each other for centuries and we know how to get along with the People's Republic of China and the Russian Federation."
B.Khuder
The Mongolian President Ts. Elbegdorj capped a trip to Washington with a White House meeting with Obama. In a joint statement released by the White House, the United States and Mongolia "emphasized their two countries' common interest in protecting and promoting freedom, democracy and human rights worldwide."
The two countries also promised to expand economic ties. During the visit, the Mongolian Airlines (MIAT) said it would buy three aircraft from the Chicago-based Boeing Co. at a value of USD 245 million.
"Mongolia noted the important role that US companies," the statement said, "will play in the development of the country's coal, other mineral resources, infrastructure, agriculture, energy and tourism industries."
Mongolia is opening up its mining industry to foreign investors, hoping to stimulate growth and alleviate poverty. The US-based Peabody Energy is among bidders to develop part of the Tavan Tolgoi mine, one of the world's largest coal fields.
"We regard the USA as our first 'Third neighbor' and we would like to improve that relations," Elbegdorj said at the Brookings Institution think-tank shortly before his summit with Obama. "We have a peaceful foreign policy," he said. "Some call it a tough neighborhood. But we exist next to each other for centuries and we know how to get along with the People's Republic of China and the Russian Federation."
B.Khuder
