Oil refinery plant to be built in eastern Mongolia
Oil refinery plant to be built in eastern Mongolia.
Oil refinery plant to be built in eastern Mongolia. Ministry of Industry was instructed to take some measures for building an oil refinery plant and piping system in Khentii province of eastern Mongolia. The refinery plant will have the capacity to produce two million tons of crude oil. The oil refinery is believed to provide 70 percent of the domestic fuel supply and 100 percent of bitumen needs of the country. Thus Mongolia would be able to save 1.5 billion USD spent annually on petroleum import which constitute 28% of Mongolian import. According to statistics, Mongolia has got 200 billion tons of oil reserves which are enough to domestically process crude oil to meet its increasing demand and to build accompanying industries.
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