Mongolia to develop country’s 1st refinery

Mongolia to develop country’s first oil refinery at Stantsiin Hooloi in Altanshiree Soum with the help of a USD 1 billion loan from India. The home minister, Rajnath Singh is on a 3-day visit to Mongolia to strengthen India’s relations with Mongolia and security cooperation. Engineers India Ltd. will assist with construction of the refinery, which will boost Mongolia’s GDP by 10%.

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