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TOG NEWS

Pradhan to unveil Indian-funded refinery in Mongolia
By TOG News Service
Oct 07, 2019

TOG NEWS SERVICE, NEW DELHI, OCT 07, 2019: THE Minister of Petroleum & Natural Gas and Steel Mr Dharmendra Pradhan, accompanied by an official and business delegation, would be visiting Mongolia between October 7-9, 2019, as a follow up of the State visit the President of Mongolia to India in September 2019. On October 08, 2019, the Minister would participate in the opening ceremony of  infrastructure that Mongolia has already constructed  for the Indian funded, Mongol Refinery  project.

During the visit, Mr Pradhan would have meetings with the Mongolian Minister  for Mining and Heavy Industry to develop a roadmap for commencing the construction of the Refinery. Possible areas of collaboration in other sectors like mining, coking coal, and railways would also be discussed. The Minister would call on the Prime Minister and President of Mongolia.

The Mongol Refinery project is being  developed under a line of credit  of USD 1.236 Bn extended by India during the Prime Minister's visit to Mongolia in 2015 and subsequently enhanced during the State visit of the President of Mongolia  to India in September, 2019. Engineers India Ltd., a PSU under the Ministry of Petroleum and Natural Gas, is the Project Management Consultant for the development of the oil refinery.