• Will Mongolia build its own refinery and oil pipelines in 2027?
  • According to the Mineral Resources and Petroleum Authority of Mongolia and other news agencies, the construction of Mongolia¡¯s own refinery and oil pipelines are underway, funded by a soft loan from the Indian government. They are expected to be operational in 2027.
  • What is the climate like at the Mongol refinery?
  • The Mongol Refinery is a challenging project, and it is being executed under extreme climatic conditions, with temperatures ranging from (-) 35 degrees C to (+) 40 degrees. Megha Engineering and Infrastructures Limited (MEIL) has clinched a significant deal in Mongolia.
  • When will Mongolia’s oil production plan be operational?
  • They are expected to be operational in 2027. The current plan is to be able to produce up to 20 percent of domestic petroleum product consumption and have six months of country reserve to boost Mongolia¡¯s resilience to disruptions or price spikes.
  • Why does Mongolia export oil to China?
  • Despite Mongolia having 43 million tons of proven crude oil reserves and production, the lack of in-country refineries has forced it to export its oil to China since 1998.
  • What percentage of Mongolians rely on imported petroleum products?
  • Mongolian industrial and other consumers are 95 percent dependent on imported petroleum products, despite the country having crude oil deposits. Indeed, petroleum products make up the biggest share of imports in terms of value.
  • How will Mongolia’s Oil Plan affect foreign policy?
  • The current plan is to be able to produce up to 20 percent of domestic petroleum product consumption and have six months of country reserve to boost Mongolia¡¯s resilience to disruptions or price spikes. If the plan proceeds on schedule, the Mongolian government will gain significant leverage in foreign policy.