Mongolia’s India-assisted refinery on track for 2026 launch: Ambassador
Mongolia’s ambassador to India Dambajav Ganbold has said the India-funded greenfield oil refinery project in South Gobi is on track and will be operational by 2026.
However, he acknowledged some delays from the Indian side in delivering products for the refinery plant.
“Of course, there are some delays from the Indian side in delivering the products, but overall, the project is progressing well,” he told PTI. “It is crucial for our relations, and we eagerly look forward to its completion.” With a USD 1.2 billion line of credit announced by India during Prime Minister Narendra Modi’s visit to Mongolia in 2015, the refinery’s construction has been delayed by 1.5 years due to COVID-19.
