Oil refinery being set up in Mongolia with the help of one billion dollars by India will be ready by December 2022. Giving this information, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said that this oil refinery will start meeting three-fourths of Mongolia’s fuel requirement.
The Prime Minister was addressing a meeting with a business delegation from Mongolia President Khaltamagin Battugla who visited India. President Battugala is on a five-day visit to India. He said that Prime Minister Narendra Modi’s 2015 visit to Mongolia was going to bring a new change in bilateral relations.
Pradhan said that this factory under construction in Mongolia is a shining example of friendship between the two countries. Its capacity will be 1.5 million tonnes per annum. The Indian government company Engineers India Ltd (EIL) is offering consultancy services for this prestigious project. The factory will be completed by December 2022. President Battulga said that during Modi’s visit to Mongolia, India had given his country a one billion dollar easy-term loan to set up a refinery. Currently, roads, rail lines and power lines are being constructed for this factory.
With the help of India in Mongolia, oil refinery will be ready by the end of 2022 : Pradhan
