India is building a major oil refinery in Mongolia, only a matter of time before it becomes operational – India TV Hindi

An oil refinery is being built in Mongolia with the help of India.  - India TV Hindi.

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An oil refinery is being built in Mongolia with the help of India.

India is building a large oil refinery in Mongolia to address gas and energy shortages. The refinery will become operational in the next 2 years. This refinery will greatly benefit both India and Mongolia. This will enable India to supply everything from petrol to liquid petroleum products. An oil refinery project being built in South Gobi with Indian cooperation is progressing in the right direction and will be operational by 2026, Mongolian Ambassador to India Dombjao Ganbold has said. However, he acknowledged some delays in India’s supply of products to the refinery plant.

According to Mongolia, “Of course, there has been some delay in the delivery of products from the Indian side, but overall the project is progressing well. It is going to be operational soon,” Gunbold said. Important to the relationship between the two countries and its completion is eagerly awaited. The project was announced during Prime Minister Narendra Modi’s visit to Mongolia in 2015. India has provided a loan of $1.2 billion for it. Is.

The project was delayed due to covid.

In the past years, the construction of the refinery has been delayed due to Corona. He said, “The work on the refinery project is progressing well. It has been delayed by a year and a half due to covid. We believe it will be operational by 2026.” The refinery aims to reduce Mongolia’s dependence on oil imports from Russia. (language)

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