100 percent government-run company to be established

Politics
Aminaa.K
amina@montsame.mn
2017-03-21 08:17:01

Ulaanbaatar /MONTSAME/ During its regular meeting on March 20, Monday, the Cabinet resolved to form a 100 percent government-owned company to handle the construction of an oil refinery plant in the country.  

Fully supplying its oil demand with import, Mongolia spends about USD 1 billion on the annual import of 1-1.2 million tons of fuel.

Therefore, it was decided that an ‘Oil refinery establishment’ project will be realized in the frameworks of a loan agreement between Mongolian Government and Export-Import Bank of India.

In this scope, a Prime Ministerial ordinance has thus been issued to form a working group which has responsibilities to establish the government-run company on the basis of technical and economic assessment for the ‘Oil refinery establishment’ project, and frame the structure, organization and regulations of the company.

Image source: tsag.mn

Farmers Benefiting from Government Policy Support 23 hours
State Great Khural Opens its Autumn Session 1 day
This week in Mongolia 2 days
Boosting Tourism While Conserving Nature 5 days
U.S. Government Hosts Forum to Advance Mongolia’s Food Security 5 days
Government of Germany to Provide EUR 78 Million Funding 5 days
Mongolia Earns Two Silver and Five Bronze Medals at Asian Games 6 days
Mongolia's Development Partners Propose Cooperation in Renewable Energy 6 days
Amarsaikhan Honored with Pinnacle Career Achievement Award 6 days
Mongolia Addresses UN High-Level Plenary Meeting 6 days
“Value of a Tiny Stone”: Majestic Exhibition for Jamsran Tserendorj 6 days
Mongolia Becomes First Country in Asia for Complete Implementation of FATF Recommendations 6 days
“World Heart Day 2023” Celebration in Mongolia 6 days
Ambassador Sarantogos Presents Her Letter of Credence 7 days
Deputy Foreign Minister of Mongolia Receives Chinese Ambassador to Mongolia 7 days
Mongolia-Taiwan Communications and Tourism Cooperation Discussed 7 days
French Project Worth EUR 100 Thousand for Strengthening Food Security and Women Participation 8 days
Mongolia Ranks 17th on Third Day of Asian Games 8 days
Mongolia-Russia Inter-Parliamentary Joint Commission Holds its First Meeting 8 days
Trade Turnover between Mongolia and China Exceeds USD 12.5 Billion 8 days
Photostream: Mongolia-China Friendship Week 8 days
Chairman of State Duma Volodin Pays Courtesy Call on President of Mongolia Khurelsukh 9 days
New President of Chamber of Commerce and Industry Receives Seal 9 days
This Week in Mongolia 9 days
Mongolia not to be Subject to Restrictions on Oil Products 10 days
Chairman of the State Duma V.V. Volodin Welcomed at Sukhbaatar Square 10 days
President Khurelsukh: Takhi is a Symbol of Mongolia-Czech Republic Relations 11 days
President of Mongolia Meets Prime Minister of Japan 12 days
Photostream: Harvest Season 12 days
President Khurelsukh Ukhnaa Meets UN Secretary-General Antonio Guterres 12 days
Cooperation with Romania in Education, Emergency and Road Transport Focused 12 days
Otgonjargal Claims Her Second Silver Medal at World Championships 13 days
Recordkeeping of “Black list” for Procurement Tender to be Intensified 13 days
Projects to Implement in Darkhan-Uul, Selenge and Arkhangai Aimags 13 days
President Khurelsukh: The Most Effective Means to Address Complex Issues is Peaceful Dialogue 13 days
ADB Projects Sustained Economic Growth Momentum in Mongolia for 2023–2024 14 days
Foreign Minister Battsetseg Meets Her Estonian Counterpart 14 days
President of Mongolia Meets President of the Swiss Confederation 14 days
President of Mongolia Meets President of Kazakhstan during UNGA Session 14 days
Railway Safety World Standards Focused 14 days
President Khurelsukh Meets UNCCD Executive Secretary Ibrahim Thiaw 14 days
President Khurelsukh Participates in the 78th Session of the UN General Assembly 14 days
Mongolia to Field Largest Squad Ever to Asian Games 14 days
Traditional Mongol-Czech Cooperation Ongoing 14 days
Zuunmod TPP to be Presented at Cabinet Session 15 days
Prime Minister's Working Visit to Countryside Continues 15 days
Deer Stone Monuments Added to UNESCO World Heritage List 15 days
Sustainable Development Goals Action Weekend Held in New York 15 days
"Mongolia Open Innovation and Co-creation for SDGs” 2023 is Continuing Its Mentoring Program 16 days
Number of Students to Study in Cuba Increases 16 days
NURA AI Health Screening Center Opens in Mongolia 16 days
This Week in Mongolia 16 days
Khurelsukh Ukhnaa: Mongolia is keen to collaborate with the G77 Member States in the Field of Science and Technology 17 days
President Khurelsukh’s Greetings to International Scientific Conference on Nomadic Culture and Mentality 19 days
Empowering Persons with Disabilities through Infrastructure 19 days
Photostream: President Khurelsukh Welcomed to Cuba 19 days
Mongolia and Cuba Maintaining Traditional Friendly Relations 19 days
President of Mongolia Meets President of the Republic of Cuba 19 days
First Ever Performance of Morin Khuur Ensemble at Sydney Opera House 19 days
Mongolia Hosts World Horse Archery Championships 20 days
Visit of President of National Assembly of Laos After 11 Years 20 days
Tergel Wins Best Actor at Venice International Film Festival 20 days
Prime Minister Tasks to Start PC-04 Package Work of Oil Refinery 20 days
Digitization to be Intensified in Collaboration with Estonia 20 days
Chairman G. Zandanshatar Participates as Keynote Speaker in Trans-Pacific Stability Dialogue 20 days
Open Skies Agreement with the US Approved 20 days
Foreign Minister Battsetseg Holds Official Talks with Minister for Foreign Affairs of Australia 21 days
Cooperation with Liaoning Province of China in Road Transport 21 days
Consultative Meeting between Foreign Ministries of Mongolia and India 21 days
Protection of Rights of Mongolian Children in Korea under Attention of Korean Parliament 21 days
MONTSAME News Agency, C.P.O Box 1514, B.Jigjidjav St-8, Chingeltei dist, Ulaanbaatar-15160, Mongolia
MONTSAME News Agency ©2023