1 PRESIDENT BATTULGA'S VISIT IN INDIA WWW.REPUBLICWORLD.COM PUBLISHED:2019/09/20      2 ATAR-III ANNOUNCED: HARVESTING THE MONGOLIAN STEPPE WWW.NEWS.MN PUBLISHED:2019/09/20      3 MONGOLIA’S ECONOMY TO GROW 6.5% WWW.TRIBUNE.NET.PH PUBLISHED:2019/09/20      4 UN: MONGOLIA PAYS USD 645 MILLION ANNUALLY FOR AIR POLLUTION RELATED EXPENSES WWW.ZGM.MN PUBLISHED:2019/09/20      5 ERD COMMENCES SECOND PHASE OF KHUNDII GOLD PROJECT WWW.ZGM.MN  PUBLISHED:2019/09/20      6 ARD CREDIT SPENDS MNT 4.75 BILLION ON LENDING WWW.ZGM.MN PUBLISHED:2019/09/20      7 MONGOLIA KEEPS THE DIALOGUE GOING ON NORTH KOREA WWW.UPI.COM PUBLISHED:2019/09/19      8 CHINESE KEY RAIL PROJECTS TO BOOST REGIONAL SOCIOECONOMIC DEVELOPMENT WWW.CHINADAILY.COM.CN PUBLISHED:2019/09/19      9 ILLEGAL LICENSES OF ARTISANAL MINING TO BE REVOKED WWW.MONTSAME.MN PUBLISHED:2019/09/19      10 IMF: ‘AID FLOOD’ TO MONGOLIA TO END WWW.NEWS.MN PUBLISHED:2019/09/19      СТИВ ПОТТЕР : МОНГОЛ ДАХЬ ТАНСАГ ЗЭРЭГЛЭЛИЙН АВТОМАШИНЫ БОРЛУУЛАЛТ БУУРЧ, “AUDI”-ИЙН САЛБАР НЭГЖИЙН ҮЙЛ АЖИЛЛАГААГ ЗОГСООСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/20     АХБ: 2026 ОН ГЭХЭД БИЧИГТ БООМТООР ДАМЖИХ ХУДАЛДААНЫ ЭРГЭЛТ 2 ДАХИН НЭМЭГДЭХ ТӨЛӨВТЭЙ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/20     ӨМНӨД ХӨРШ МОНГОЛЫН ХАМГИЙН ТОМ АЖИЛ ОЛГОГЧ БОЛОХОД ОЙРХОН БАЙНА WWW.ZGM.MN  НИЙТЭЛСЭН:2019/09/20     URBAN MINING БУЮУ ХОТЫН ХОГ ХАЯГДАЛ ҮНЭТЭЙ ТҮҮХИЙ ЭД БОЛОХ НЬ WWW.IKON.MN  НИЙТЭЛСЭН:2019/09/20     ДАЛАЙД ГАРЦГҮЙ ОРНООС ДАЛАЙД ГАРЦТАЙ БОЛОХ НЬ: НЭЭЛТТЭЙ АГААРЫН ЗАЙ, НЭЭЛТТЭЙ МОНГОЛ УЛС WWW.IKON.MN  НИЙТЭЛСЭН:2019/09/20     НӨАТ-ЫН СУГАЛААНЫ ТОХИРОЛ 22-НЫ НЯМ ГАРИГТ БОЛНО WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/20     МОНГОЛ УЛСЫН ИРГЭД 55 УЛСАД ВИЗГҮЙ ЗОРЧДОГ БОЛНО WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/20     ХОНОГТ 2.000 ТН САЙЖРУУЛСАН ШАХМАЛ ТҮЛШ ҮЙЛДВЭРЛЭЖ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/20     UNDP:МОНГОЛ УЛСАД АГААРЫН БОХИРДОЛТОЙ ХОЛБООТОЙ ЭДИЙН ЗАСГИЙН ЗАРДАЛ ЖИЛД 645 САЯ АМ.ДОЛЛАР WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/19     ХУРДТАЙ АРГА ХЭМЖЭЭ АВАХГҮЙ БОЛ ХУВЬЦААНЫ ЗАХ ЗЭЭЛ ХӨЛДӨХ НЬ WWW.ZGM.MN НИЙТЭЛСЭН:2019/09/19    

India extends $1 billion credit to Mongolia for its first refinery www.pennews.net

New Delhi, May 14: India has extended a $1 billion Line of Credit to Mongolia to help set up its first ever grass-root refinery in Sainshand, Dornogobi province.The funding has been provided through the Exim Bank. Prime Minister Narendra Modi during his visit to Ulan Bator in 2015 had announced a credit line of $1 billion for infrastructure sector in Mongolia. This is currently being utilised by Mongolia to build the oil refinery.

The1.5 MMTPA refinery is expected to be completed by 2022.Ties between India and Mongolia date back centuries with Buddhism seen as a major binding factor between the two countries. In recent years, the two countries have set up mechanisms like the India-Mongolia Joint Working Group for Defence and the “India-Mongolia Joint Committee on Cooperation (IMJCC)" chaired at ministerial level besides others to cement cooperation.

“For Mongolians, India is one of counter-weights to their neighbours (Russia and China), a 'spiritual neighbour,' a declared third neighbour and strategic partner and centre for pilgrimage," says a Ministry of External Affairs background note on bilateral ties.

In April last year, during External Affairs Minister Sushma Swaraj's visit to the country, it was agreed to intensify cooperation in energy, trade and economy, IT, healthcare, animal husbandry, infrastructure development and other developmental sectors. (UNI)



Published Date:2019-05-15