Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Construction of Oil Refinery at 50 Percent Complete www.montsame.mn
Mongolia is building its first major oil refinery in Altan Shiree soum of Dornogobi aimag with a soft loan worth about USD 1.7 billion from the Export-Import Bank of the Republic of India.
The construction work is being carried out in four phases, and as of today, the project is 50 percent complete. In addition, the crude oil pipeline project is 90 percent complete, reported Executive Director of Mongol Refinery LLC Altantsetseg Dashdavaa. In accordance with the intergovernmental agreement between the two countries, the plant is scheduled to become operational in 2028. However, due to the government and the Ministry of Industry and Mineral Resources’ efforts to accelerate the construction, it is planned to be commissioned a year ahead of schedule.
Minister of Industry and Mineral Resources Damdinnyam Gongor said, “During the fuel and oil products crisis, Mongolia relies 95 percent on Russia and 5 percent on China — in other words, we were fully dependent on foreign suppliers. The way out of this dependence is to build a domestic oil refinery. Once the plant becomes operational, Mongolia will be able to meet about 50 percent of its domestic demand for oil products. The main challenge now is securing raw materials. Our ministry is focusing on this issue, and we plan to hold talks with PetroChina to find a solution.”
As of today, construction of the pipeline racks for the primary processing facilities and the foundation concrete work for the furnaces of the atmospheric and vacuum distillation units have been completed. Meanwhile, installation works are continuing on the pipeline racks, substations, and buildings intended for control and server operations within the auxiliary and support facilities.
In addition, officials reported that construction of the storage tank park, pipeline racks, substations, and the foundations for the plant’s power plant control system and substation buildings is underway, with the main structural works nearing completion. The majority of the plant’s technological equipment is being manufactured by nearly 20 companies in India.
Published Date:2025-12-26
