Ulaanbaatar
Cooperation agreement for project to construct a crude oil pipeline signed
Economy
Ulaanbaatar/MONTSAME/. The Government made a decision on January 6, 2020 to transport the raw material of the oil refinery through a pipeline. Accordingly, the Ministry of Mining and Heavy Industry announced an international tender “to select a contractor to finance and construct an oil pipeline project in Mongolia,” and China’s the state-owned ‘Norinco International Cooperation’ Co.Ltd has won the tender.
On April 18, a cooperation agreement of the project to construct
a crude oil pipeline in Mongolia was signed by State Secretary of the Ministry
G.Nandinjargal, CEO of Mongol Refinery state-owned LLC D.Altantsetseg, CEO of
Erdenes Tavantolgoi JSC B.Gankhuyag, and General manager of Norinco
International Cooperation.
Crude oil from the Dornod
aimag’s oil field will be transported to the Oil Refinery, which is currently
under construction in Altanshiree soum, Dornogobi aimag through a 530 km long pipeline.
Norinco International Cooperation will complete the construction
of a pipeline within three years or ahead of the commissioning of Oil Refinery.
