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AKIPRESS.COM - India's Minister of Home Affairs Rajnath Singh is visiting Mongolia to attend the ground breaking ceremony of Mongolia's first oil refinery in its southeastern Dornogovi Province, Sputnik reported citing the government official.
Singh will leave for Ulaanbaatar on Thursday and attend the ceremony along with Mongolian Prime Minister Ukhnaa Hurelsukh on June 22 in Altanshiree soum of Dornogovi province.
Additionally, Singh will meet with Mongolian President Khaltmaa Battulga, his counterpart, and Mongolia's minister of justice and internal affairs on June 23. He will also visit the headquarters of Mongolia's Border Protection Force before returning to New Delhi on June 24.
The refinery will have a processing capacity of 1.5 million metric tons of oil per year and will annually produce 560,000 tons of gasoline and 670,000 tons of diesel, as well as 107,000 tons of liquefied natural gas. The refinery could boost Mongolia's gross domestic product by 10 percent. Currently, Mongolia exports crude oil to China while importing petroleum products from the Russian Federation.