Legal Document

Title: Law on Petroleum products
Type: Law
Issuing Agency: Ministry of Mining and Heavy Industry
Responsible Agency: Mineral Resources and Petroleum Authority
Issuing Date: 01-07-2005

LAW OF MONGOLIA

01 Jul, 2005                                                                                    Ulaanbaatar

LAW ON PETROLEUM PRODUCTS

 

 

Article 1. Purpose of the Law

        1.1 The purpose of this law is to regulate relations arising in connection with the import, production, sale, transportation, storage and safety of petroleum products.

Article 3. Scope of the law

        3.1. This law shall apply to citizens and legal entities engaged in import, production, trade, transportation and storage of petroleum products in the territory of Mongolia.

Chapter 2. State regulation

State Central Administrative Body Responsible for Petroleum Matters shall exercise the following powers related to petroleum products:

        5.2.2. To issue, suspend or revoke licenses for the production of petroleum products, import of all types of fuels, and wholesale and retail trade.

        5.2.3. To approve and enforce rules, regulations and norms related to import, production, trade, transportation and storage of petroleum products;

Article 6. Powers of the State Administrative Body Responsible for Petroleum Matters

        6.6.1. The State Administrative Body responsible for Petroleum Matters shall exercise the following powers related to the import, production, trade, transportation and storage of petroleum products:…

Article 7. Import of petroleum products

        7.1. All types of fuels shall be imported on the basis of a license and the importer shall have the following obligations:

        / This part was amended according to the law dated February 07, 2013 /

        7.1.1. To import Petroleum products that meet international quality standards;

        7.1.2. To issue an accredited testing laboratory report on whether the imported product meets international standards;

        7.1.3. A holder of a wholesale license shall have a warehouse that meets the standard requirements;

        / This part was amended according to the law dated February 07, 2013 /

        7.1.4. To import petroleum products on the basis of an agreement concluded with a supplier.

        7.2. A foreign legal entity that alone supplies more than 30 percent of petroleum products to Mongolia shall be prohibited from selling its products in the domestic market through a legal entity with its own investment and a unit under its jurisdiction and control.

Article 15. Violators of the law on Import, Trade, Storage and Transportation of Petroleum Products

        15.1. A person or legal entity that violates this law shall be subject to liability specified in the Criminal Code or the Law on Violations.

        / This article was amended according to the law dated December 04, 2015 /

        15.1.1. Illegally earned income, used equipment and tools shall be confiscated and turned into state revenue, a legal entity shall be fined by 500000-1000000 MNT and an individual by 20000-50000 MNT for producing petroleum products, importing all types of fuel, and engaging in retail and wholesale trade without a license.

        15.15.1. 2. imported petroleum products that do not meet international standards and produced petroleum products that do not meet national standards…

        15.1.6. Import, production, sale, transportation and storage of petroleum products ...

        

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