New Delhi, Sep 20 The USD 1 billion oil refinery being built with Indian aid in Mongolia will be completed by December 2022 and will meet about three-fourths of Mongolian oil requirement, Union The historic visit of Prime Minster Narendra Modi to Mongolia in 2015 led to a paradigm shift in India-Mongolia relations. The construction of USD 1 billion oil refinery with 1.5 million metric tonne capacity with Indian assistance is a shining example of our friendship," the minister said. The construction of the 1.5 MMT oil refinery project with Indian assistance is a shining example of our friendship," he added. The Union Minister said he was happy to share that on Mongolia's The construction of the 1.5MMT oil refinery project with Indian assistance is a shining example of our friendship.” “ Happy to share that, on Mongolian request, India has announced an additional $236mn line of credit to Mongolia beyond the committed $1bn. The Mongol refinery project is the largest project undertaken by India under Lines of Credit (LoC) programme.Once ready, the capacity of the refinery will be 1.5 million metric tons per annum The MoU is for project management consultancy services for the construction of Mongol Refinery State Owned LLC, an oil refinery plant, in Mongolia by EIL. The government of Mongolia is in the process to set-up 1.5 MMTPA greenfield crude oil refinery in Sainshand province, under the Line of Credit (LoC) extended by the government of India.
The construction of the 1.5 MMT oil refinery project with Indian assistance is a shining example of our friendship," he added. The Union Minister said he was happy to share that on Mongolia's
New Delhi: The USD 1 billion oil refinery being built with Indian aid in Mongolia will be completed by December 2022 and will meet about three-fourths of Mongolian oil requirement, Union Minister Dharmendra Pradhan said on Friday. The cost of the refinery is estimated at $1.35 billion, and it will include a pipeline and its own power plant. The refinery will process Mongolia's own crude oil, which is now sold to China. Mongolia produced 7.6 million barrels of oil last year, about 21,000 bpd, The cost of the refinery is estimated at $1.35 billion, and it will include a pipeline and its own power plant. The refinery will process Mongolia’s own crude oil, which is now sold to China. Mongolia produced 7.6 million barrels of oil last year, about 21,000 bpd, New Delhi, Sep 20 The USD 1 billion oil refinery being built with Indian aid in Mongolia will be completed by December 2022 and will meet about three-fourths of Mongolian oil requirement, Union The historic visit of Prime Minster Narendra Modi to Mongolia in 2015 led to a paradigm shift in India-Mongolia relations. The construction of USD 1 billion oil refinery with 1.5 million metric tonne capacity with Indian assistance is a shining example of our friendship," the minister said.
The refinery will process Mongolia's own crude oil, which is now sold to China. Mongolia produced 7.6 million barrels of oil last year, about 21 Mbpd, amounting to 6 percent of its total export earnings. The country's petroleum industry regulator is expecting its crude oil output to rise over the years prior to the refinery's start-up.
The government of Mongolia said construction on the country’s first crude oil refinery will begin this year on 150 hectares in Altanshiree in the Mongolian province of Dornogovi.
The refinery will have a processing capacity of 1.5 million metric tons of oil per year and will annually produce 560,000 tons of gasoline and 670,000 tons of diesel fuel, as well as 107,000 tons of liquefied gas. The refinery could boost Mongolia's gross domestic product by 10 percent.
27 Jul 2018 The refinery project is reportedly funded by the Indian Government and is designed to end Mongolia's dependence on fuel imports from 30 Jul 2018 Mongolia has begun construction of a new oil refinery in Saynshand. However, the implications of the project stretch beyond geostrategy. 15 May 2019 New Delhi: Engineering consultancy Navratna PSU Engineers India Ltd (EIL) and Mangolia's Mongol Refinery have signed a pact on the Project
India-funded oil refinery in Mongolia to be completed by 2022-end: Pradhan The minister for petroleum and natural gas was speaking at a meeting attended by a Mongolian business delegation led by the country's President Khaltmaagiin Battulga
The construction of the 1.5MMT oil refinery project with Indian assistance is a shining example of our friendship.” “ Happy to share that, on Mongolian request, India has announced an additional $236mn line of credit to Mongolia beyond the committed $1bn. The Mongol refinery project is the largest project undertaken by India under Lines of Credit (LoC) programme.Once ready, the capacity of the refinery will be 1.5 million metric tons per annum The MoU is for project management consultancy services for the construction of Mongol Refinery State Owned LLC, an oil refinery plant, in Mongolia by EIL. The government of Mongolia is in the process to set-up 1.5 MMTPA greenfield crude oil refinery in Sainshand province, under the Line of Credit (LoC) extended by the government of India.