• Will Mongolia be able to produce its own oil?
  • A license and engineering agreement for four of the deep processing units at the oil refinery has also been signed with Honeywell UOP. Firstly, once it becomes possible for Mongolia to produce its own gasoline and oil products at the oil refinery in Altanshiree soum, the country will no longer be dependent on imports.
  • Will a oil refinery boost Mongolia’s Development?
  • As the outflow of foreign currency decreases, foreign exchange rates will stabilize. And as a result, Mongolia¡¯s GDP is estimated to grow by over 10 percent. In this sense, the project for the construction of an oil refinery in Altanshiree soum could be considered as one of the main projects to boost the country¡¯s development.
  • What is Ulaanbaatar /Mongol refinery?
  • Ulaanbaatar /MONTSAME/. With aims to establish an oil refinery based on available supply of commodities, meet domestic demands for gasoline, and launching domestic production, a comprehensive construction project is being implemented in Altanshiree soum, Dornogobi aimag – the project of Mongol Refinery State Owned LLC.
  • Will Mongol refinery state owned LLC tender a crude oil pipeline?
  • On March 1, 2021, Mongol Refinery State Owned LLC had a request for expression of interest for the tender to select the contractor for engineering, procurement and construction plus financing (EPC plus F) of the project to construct a crude oil pipeline published on the website, Pipeline & Gas Journal, announcing the tender internationally.
  • What projects will boost Mongolia’s Development?
  • And as a result, Mongolia¡¯s GDP is estimated to grow by over 10 percent. In this sense, the project for the construction of an oil refinery in Altanshiree soum could be considered as one of the main projects to boost the country¡¯s development. ? 47 thousand tons of stove fuel.
  • Does Mongol refinery have a license agreement?
  • For instance, the company has begun to sign license agreements as the selection process has been completed. Last month, Mongol Refinery signed a license agreement with Axens Solutions for its sulfur recovery unit. A license and engineering agreement for four of the deep processing units at the oil refinery has also been signed with Honeywell UOP.