Petro Matad supports projects related to oil extraction and renewable energy sources

Petro Matad (GB:MATD) has released an update.

Petro Matad Limited, a Mongolian AIM-listed oil company, has received the necessary approvals to commence its 2024 operational program, including zoning certificates for Block XX and discussions with DQE regarding the completion of the Heron 1 well. The company is also pushing for certification of Block XX as state-owned special purpose land to facilitate future operations while making progress on renewable energy ventures, including a green hydrogen project and potential electricity exports to China.

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