News Post
Engineers India Ltd signs Project Management Consultancy Agreement for 30,000 bpd Mongolia Refinery
The Mongolian government is in process of setting up a 1.5 million tonne per year greenfield crude oil refinery, the country’s first refinery project now under construction on 150 hectares in Altanshiree Soum near Sainshand in the southeastern province of Dornogovi in Sainshand province. Supported by a $1-billion soft credit line to Mongolia from India announced in May 2015, the new refinery comes as part of India’s effort to develop further ties with the landlocked country and help reduce its energy dependence on neighboring China and Russia.
EIL had carried out a Detailed Feasibility Study for the project and was subsequently pre-qualified and shortlisted for providing project management consultancy services to Mongol Refinery for the project. The refinery, once completed, will process Mongolia’s own shale crude production currently exported to China to produce 560,000 tonnes/year of gasoline, 670,000 tpy of diesel, and 107,000 tpy of liquefied gas for domestic use, helping to reduce the country’s finished product imports from Russia.
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