Mongolia|business|February 11, 2019 / 03:25 PM
Mongolia signs MoU with Indian firm to receive consultancy for construction of oil refinery

AKIPRESS.COM - Government of Mongolia reprsented by the Mongol Refinery State Owned LLC signed an MoU with Engineers India Ltd, a PSU under the Ministry of Petroleum and Natural Gas on February 10, on the sidelines of PETROTECH-2019 in India.

The MoU is aimed at the implementation of the Project Management Consultancy services for construction of an oil refinery in Mongolia by EIL.

Government of Mongolia is in process to set-up 1.5 MMTPA greenfield crude oil refinery in Sainshand province, under Line of Credit (LoC) extended by Government of India.

EIL has carried out Detailed Feasibility Study for the project. It has been pre-qualified and subsequently shortlisted for providing project management consultancy services to Mongol Refinery for the project.

The MoU was signed by Dr Altantsetseg Dashdavaa, Executive Director, Mongol Refinery State Owned LLC and Mr R.K.Sabharwal, Director (Commercial), EIL in the presence of Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship, and the Mongolian Minister of Mining and Heavy Industry D.Sumiyabazar, Montsame reports.

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