India offers $ 236 mn additional credit to Mongolia for building oil refinery: Pradhan

India has provided an additional $ 236 million credit to Mongolia for organising a 1.5 million tonne each year oil refinery in that nation.

According to an official assertion, Minister for Petroleum and Natural Gas Dharmendra Pradhan, who’s visiting Mongolia, mentioned that the 1.5 million tonne (MT) Oil Refinery Project with Indian help is a shining instance of the 2 nation’s friendship. “Happy to share that on Mongolian request, India has introduced an additional $ 236 million Line of Credit from India to Mongolia past the dedicated $ 1 billion,” he mentioned.

Pradhan is in Mongolia to take part in a ceremony for commissioning the infrastructure amenities constructed to help the proposed oil refinery challenge . Prime Minister of Mongolia, Ukhnaagiin Khurelsukh, six Cabinet Ministers and Governor of Dornogovi Province, T Enkhtuvshin additionally participated within the ceremony.

Pradhan mentioned that the Engineers India Limited, a public sector endeavor of the Ministry of Petroleum and Natural Gas is offering challenge administration consultancy companies for this refinery challenge. On completion of the challenge, it can meet about three-fourth of Mongolian requirement of oil, the assertion mentioned.

Pradhan, accompanied by an official and enterprise delegation, is on a 3-day go to to Mongolia, as a observe up of the State go to the President of Mongolia to India in September 2019.

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