Mongolia Refinery To Be Built In India By 2025

Mongolia Refinery to be built by india by 2025

Mongolia’s first oil refinery is expected to be operating by 2025. It is predicted that the first phase of the Mongol Oil Refinery, which is supported by an India-backed $1.2 billion soft loan, will be finished by the end of this year. Given that Russia is the only source of energy import for Mongolia, this event has important strategic ramifications.

Mongolia Refinery to be built In India by 2025

According to Dambajav Ganbold, the nation’s ambassador, the first oil refinery in Mongolia, funded by India and located on the outskirts of Ulaanbaatar, is anticipated to be finished in 2025. It is anticipated that this refinery will meet 70% of domestic demand in Mongolia. In order to start exporting coking coal to India by 2024, Mongolia has also made plans to entice investment from India into its mining and metals industries.

What Will Be There In Mongolia Refinery

Mongolia is home to significant reserves of rare earth metals that could prove critical to India’s plans of developing advanced technical capabilities in semiconductors and sustainable transportation. To explore these possibilities, Indian businesses have already conducted visits to Mongolia.

The establishment of regular direct flights between the two nations is expected to facilitate such exchanges. India holds the status of Mongolia’s primary “third neighbour” in this region, a significant aspect of the country’s foreign policy, established in response to its two large neighbours, Russia and China, to ensure its independence. This policy provides Mongolia with opportunities to expand and strengthen its collaborations both domestically and globally.

During Prime Minister Modi’s historic visit to Mongolia in 2015, the governments agreed to construct Mongolia’s first oil refinery, which is currently in progress in four phases. The first phase, or EPC 1, is over 70% complete and is expected to conclude this year. The tender process for the remaining three phases was won by Hyderabad-based Megha Engineering and Infrastructures Limited. The refinery project will enhance Mongolia’s independence and energy security.

Mongolia refinery to be built In India by 2025 – FAQs

Q1: Which Indian Company will build Mongolia’s 1st Oil Refinery?

Ans: Megha Engineering & Infrastructures Limited (MEIL) announced today that it will construct Mongolia’s first oil refinery.

Q2: Which Refinery is proposed in India?

Ans: The projected Nagapattinam refinery and petrochemicals project in the Indian state of Tamil Nadu would be developed by a joint venture (JV) between Indian Oil Corporation Limited (IOCL), it’s subsidiary Chennai Petroleum Corporation Limited (CPCL), and additional seed equity partners.

Q3: Which is the 1st largest oil refinery in India?

Ans: Reliance owns the private sector Jamnagar refinery, which processes crude oil. The refinery has a 27MMTPA installed capacity when it was first put into operation on July 14, 1999. This refinery can now process 33MMTPA. The refinery is currently the biggest in the world.


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    Priti Palit, an accomplished edtech writer, boasts a wealth of experience in preparing candidates for multiple government exams. With a passion for education and a keen eye for detail, she has contributed significantly to the field of online learning. Priti's expertise and dedication continue to empower aspiring individuals in their pursuit of success in government examinations.

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