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EIL signs pact for 1.5 million tonne refinery in Mongolia

Gasoil News - Published on Mon, 20 May 2019

Image Source: AKIpress News Agency
State-owned Engineers India Ltd (EIL) said that it has signed an agreement to provide project management consultancy for a new 1.5 million tonne refinery being set up in Mongolia. The pact was signed with Mongol Refinery State Owned LLC. The contract was signed in the presence of D Sumyaabazar, Minister of Mining and Heavy Industry of Mongolia. India had extended about INR 7,000 crore line of credit to Mongolia during the visit of Prime Minister Narendra Modi in 2015.

Under the line of credit extended by India, the Mongolian government is in the process to set up 1.5 million tonne per annum greenfield crude oil refinery in Sainshand province.

Source :

Posted By : Rabi Wangkhem on Mon, 20 May 2019
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