Ulaanbaatar
Infrastructure development works of oil refinery completed
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Construction works of 27 km branch line to be used for transporting
equipment and devices and goods from Sainshand railway station to oil refinery,
17 km long auto road with a heavy load carrying capacity and 110 kWt power
transmission line have been completed within scheduled period and handed
over to the State Commission on October 8.
Cabinet members headed by Prime Minister U.Khurelsukh, Indian
Minister of Petroleum and Natural Gas D.Pradhan, Ambassador of India to
Mongolia M.Singh and other officials attended the opening ceremony of the
infrastructure of the oil refinery, which will be built with USD 1.2 billion
soft loan of the Indian Government.
PM U.Khurelsukh “In 2018, we opened a new chapter in industrial
history of Mongolia, laying foundation of the oil refinery. Infrastructure
development works, which have launched concurrently with it, to build railroad,
auto road and power transmission line of the refinery have been successfully
completed. Oil manufacturing and supply issues have become a vital factor
for not only national security also economic and social development of any
country. Now it becomes possible for the Government of
Mongolia to accomplish its goal to process its oil at home and ensure fuel
demand,”
Indian Minister of Petroleum and Natural Gas D.Pradhan “that
establishing the oil refinery, which has a capacity to process 1.5 million tons
of oil in Mongolia with assistance of the Indian Government is a symbol of friendship
of the two countries. We are happy with resolving additional financing of USD
236 million that is required for the construction, during the visit of
Mongolian President to India. By realizing the project, I understand that
three-fourths of Mongolia’s oil need would be ensured. Besides it, the refinery
will make significant contribution to energy safety and economic development of
Mongolia. I hope that other factories related to the oil refinery would be
developed. I would like to highlight that Mongolia, which is rich in coking
coal and other natural resources, has a broad range of opportunities to supply
the natural resources to ensure India’s need as well. Further, the sides
are available to conduct joint exploration on copper, gold and rare earth elements
and expand cooperation in mining sector, which is main development field of
Mongolia.
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