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Engineers India inks pact for Mongol crude oil refinery

Thursday, 16 May 2019

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Engineers India (EIL) has signed an agreement to provide project management consultancy (PMC) for a new 1.5 million tonne refinery being set up in Mongolia. The pact was signed with Mongol Refinery.

The government of India has extended USD one billion (about Rs 7,000 crore) line of credit to Mongolia during the visit of Prime Minister Narendra Modi in 2015. The Mongolian government is in the process to set up 1.5 million tpa greenfield crude oil refinery in Sainshand province, under the line of credit extended by India.

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.