PRIME MINISTER TASKS TO START PC-04 PACKAGE WORK OF OIL REFINERY

With this agreement, the implementation of the four Package Works of "Oil Refinery Construction Project" that were regulated by one contract, which were dependent on each other and delayed, can be separated, thus enabling to intensify implementation of the Package Works.

The Government of Mongolia confirmed the loan agreement for the initial cost of USD 236 million, and submitted a request for financing to the Export-Import Bank of the Republic of India in order to quickly start the work on the three facilities that will require the longest period of work in the EPC-04 Package: hydrocracking, sulfur separation facility, and hydrogen plant. 

Source: https://montsame.mn/en/read/326691