Additional financing agreement for oil refinery signed

Video
montastudio@montsame.gov.mn
2019-10-09 15:15:16

Today, Minister of Finance Ch.Khurelbaatar and General Manager of Exim Bank of the Republic of India Shri Saroj Khuntia signed an agreement on additional financing of USD 236 million tp be granted to an oil refinery establishment project in Mongolia. 


Finance Minister of Mongolia Ch.Khurelbaatar ”Mongolia imports 1.3 million tons of fuel at USD 1 billion every year. When oil price increases at world market, it adversely affects Mongolia’s economy. Establishing the oil refinery, it will become possible for Mongolia not to be affected by oil price increase at world market and to save USD 1 billion at home”.


Indian Minister of Petroleum and Natural Gas D.Pradhan “Mongolia and the Republic of India have many years of friendly ties. By helping Mongolia to build its oil refinery, it is significant to preserve bilateral friendly ties for next 100 years”.

 

Construction of the refinery will commence next year and is expected to commission in 2023

Related news
Comments
  • online pharmacies canada 108.62.49.207 3 days

    <a href="http://canadianpharmaciesprofmeds.com/">reputable mexican pharmacies online</a> http://canadianpharmaciesprofmeds.com/
  • online pharmacies 108.62.49.207 19 days

    <a href="http://canadianpharmaciesoffer.com/">international pharmacies that ship to the usa</a> http://canadianpharmaciesoffer.com/ <a href=http://canadianpharmaciesoffer.com/>online pharmacy canada</a>
  • canadian pharmacies 108.62.49.207 21 days

    <a href="http://canadianpharmaciesoffer.com/">prescription meds without the prescription</a> http://canadianpharmaciesoffer.com/ <a href=http://canadianpharmaciesoffer.com/>best online pharmacies in canada</a>
  • best 10 online pharmacies 185.87.108.147 25 days

    <a href="http://canadianpharmaciesoffer.com/">approved canadian pharmacies online</a> http://canadianpharmaciesoffer.com/ <a href=http://canadianpharmaciesoffer.com/>canadian online pharmacy</a>
  • online pharmacy 37.120.131.210 26 days

    <a href="http://canadianpharmaciesoffer.com/">canadian pharmacies</a> http://canadianpharmaciesoffer.com/ <a href=http://canadianpharmaciesoffer.com/>canadian pharmacies top best</a>
  • prescription meds without the prescription 37.120.131.210 26 days

    <a href="http://canadianpharmaciesoffer.com/">highest rated canadian pharmacies</a> http://canadianpharmaciesoffer.com/ <a href=http://canadianpharmaciesoffer.com/>canadian pharmacies online</a>
  • TeoHix 5.188.210.65 33 days

    [url=https://buyindocinonline.com/]where buy indocin indomethacin[/url]