India builds refinery for Mongolia
Petroleum & Natural Gas Minister Dharmendra Pradhan joined Prime Minister of Mongolian Prime Minister Ukhnaagiin Khurelsukh, six Cabinet Ministers and Governor of Dornogovi Province, T. Enkhtuvsh, in commissioning the infrastructure facilities construction to support the proposed oil refinery project in Mongolia on 8 Oct 2019.
Pradhan said “This important event will pave the way to open a new chapter in our bilateral trade and investment relations.”
The construction of the 1.5 MMT Oil Refinery Project with Indian assistance is a shining example of our friendship.
India, on Mongolian request, India had announced an additional US$236 million Line of Credit from India to Mongolia beyond the committed US$1 billion.
Engineers India Ltd is providing project management consultancy services for this refinery project, which on completion, will meet about three-fourth of Mongolian requirement of oil.
Pradhan, accompanied by an official and business delegation, is on a 3-day visit to Mongolia, as a follow up of the State visit the President of Mongolia to India in September 2019. fiinews.com