• Who owns Mongol oil refinery?
  • The order has been awarded by Mongol Refinery State Owned LLC, MEIL said in a statement on Friday. “MEIL has clinched a significant deal in Mongolia. The company received a Letter of Agreement (LOA) for constructing a state-of-the-art crude oil refinery plant valued at $648 million,” it said.
  • Why is Mongolia constructing a greenfield oil refinery?
  • To lessen Mongolia’s dependency on oil imports from Russia, the country is constructing its first greenfield oil refinery —- the Mongol Refinery. A pipeline and a power plant are part of the refinery’s operations. Once completed, this refinery will be able to process 30,000 barrels of crude oil per day or 1.5 million tonnes annually.
  • How much is Mongolia’s oil refinery worth?
  • The value of the three projects is $1.436 billion. The refinery, to produce petrol, diesel, aviation fuel and LPG, will help reduce Mongolia¡¯s reliance on Russian oil imports and enhance the country¡¯s energy security. It will also reduce vulnerability to fluctuations in international oil markets.
  • Who is the beneficiary of India’s largest oil refinery project?
  • Mongolia is the beneficiary of India¡¯s single largest LoC for construction of USD 1.236 billion Oil Refinery Project in Dornogobi Province capable of producing 1.5 million MTA oil, roughly 3/4th of domestic the country¡¯s consumption. It is expected to be completed by 2025 and Engineers India Limited are part of the project.
  • Who owns Meil hydrocarbons & Mongol refinery state owned LLC?
  • MEIL Hydrocarbons president P. Rajesh Reddy and Mongol Refinery State Owned LLC executive director Altantsetseg Dashdavaa signed the contract in Ulaanbaatar, Mongolia¡¯s capital, in the presence of MEIL managing director P.V. Krishna Reddy, senior officials and representatives from both countries, the company said on Friday.
  • Did Mongol refinery state owned LLC receive a letter of agreement?
  • A letter of agreement for constructing the crude oil refinery plant was received from the Mongol Refinery State Owned LLC.