Ulaanbaatar
Feasibility study of oil refinery to be completed by end of March
Economy
Ulaanbaatar/MONTSAME/ According to a resolution of Mongolian government on establishment of an oil refinery in Altanshiree soum of Dornogobi aimag, a feasibility study of the oil refinery is now being formulated by India’s state-owned company ‘Engineers India Limited (EIL)’.
It is scheduled to transfer a completed feasibility study to Mongolian side by end of this March. The oil refinery will be built with a loan worth USD1 billion from India. As a privilege, India offered to choose its ‘PMC’ Company as an executor.
‘Mongol Oil Refinery’ state-owned company is responsible for overseeing the project activities.
It is scheduled to transfer a completed feasibility study to Mongolian side by end of this March. The oil refinery will be built with a loan worth USD1 billion from India. As a privilege, India offered to choose its ‘PMC’ Company as an executor.
‘Mongol Oil Refinery’ state-owned company is responsible for overseeing the project activities.
M.Unurzul
