Mining Minister attending PETROTECH 2019

Economy | Mining
2019-02-12 15:11:27

Ulaanbaatar/MONTSAME/ D.Sumiyabazar, Minister of Mining and Heavy Industry, is taking part in PETROTECH 2019 International Oil and Gas Conference, being held in New Delhi on February 10-12.

On the sideline of PETROTECH, Minister D.Sumiyabazar paid a courtesy call on Indian Prime Minister Narendra Modi and conveyed a greeting of Mongolian Prime Minister U.Khurelsukh. The Minister also briefed about a progress of the project implementation to construct oil refinery in Mongolia with India’s soft loan.

Moreover, the Minister met with Mr. Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas, Ms. Vijay Thakur, State Secretary of the Ministry of External Affairs, and Mr. Nadeem Panjetan, Chief General Manager of Exim Bank and discussed about successful implementation of the project to construct oil refinery which opens a new chapter in the history of Mongolia-India relations and cooperation.  

India’s state-owned company ‘Engineers India Limited (EIL) has been pre-qualified to provide Project Management Consultancy services to Mongol Refinery for the project in accordance with the general loan agreement between two countries. The EIL is to open its Representative Office in Mongolia.

In this regard, a Memorandum of Understanding (MoU) between Engineers India Ltd, a PSU under the Ministry of Petroleum and Natural Gas, and the Government of Mongolia through Mongol Refinery State Owned LLC was signed on February 10, 2019.

In the PETROTECH 2019, ministers of 27 countries attended and shared their views at some 20 sessions and over 6000 international businesses of petroleum and natural gas introduced their activities and products.

Furthermore, the Minister held meetings with authorities of companies such as ‘Hindustan Petroleum’, ‘ONGC’, and ‘Shapoorji Pallonji’ and Indian Institute of Technology (IIT). At the meeting with the authority of IIT, the sides exchanged views on cooperating for training Mongolian students in oil refining in India.