Hyderabad infrastructure company to build Mongolia’s first greenfield oil refinery

Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL) has bagged a project to build Mongolia’s first greenfield oil refinery, on the outskirts of the capital city, Ulaanbaatar. The project is aimed at reducing the East Asian country’s dependency on Russian oil imports.

Officials said that the company would provide EPC (engineering, procurement and construction) services and EPC-3 (captive power plants) at a cost of $790 million using advanced technology. The project is part of the development partnership administration initiative of India’s Ministry of External Affairs. The refinery would be built using a line of credit from the central government.