• Is Mongolia’s first oil refinery a government-to-Government Partnership?
  • (Credit: PRNewswire/Megha Engineering and Infrastructures Limited (MEIL)) India-based Megha Engineering and Infrastructures (MEIL) has secured the Letter of Authorisation (LOA) to build Mongolia¡¯s first oil refinery. The Mongol Refinery is being developed under a government-to-government (G2G) partnership between Mongolia and India.
  • What is Mongolia’s first greenfield oil refinery?
  • The project, which is the first greenfield oil refinery in Mongolia, includes a pipeline and a power plant as part of its operations. Upon completion, the refinery will have the capacity to process 30,000 barrels of crude oil per day or 1.5 million tonnes per annum.
  • What does the EPC deal mean for Mongolia’s oil refinery?
  • Under the EPC deal, MEIL will build open art units, utilities and offsites, along with plant buildings, and captive power plants for the refinery. The project, which is the first greenfield oil refinery in Mongolia, includes a pipeline and a power plant as part of its operations.
  • How much does a new refinery cost in Mongolia?
  • MEIL has agreed to provide engineering, procurement, and construction (EPC) services for the new refinery in Mongolia, using advanced technology. The project is estimated to cost around $790m, which will be financed through a line of credit from the Government of India.
  • What is Meil’s first greenfield oil refinery project?
  • MEIL’s inaugural venture in involves the construction of the country’s first greenfield Mongol Oil Refinery project, a significant undertaking. Within this refinery, MEIL is overseeing the construction of EPC-2, which encompasses Open Art Units, Utilities, Offsites, and plant buildings valued at USD 598.90 million.
  • How much will Meil refinery cost?
  • The project is estimated to cost around $790m, which will be financed through a line of credit from the Government of India. Under the EPC deal, MEIL will build open art units, utilities and offsites, along with plant buildings, and captive power plants for the refinery.