Pradhan said: “This important event will pave the way to open a new chapter in our bilateral trade and investment relations. Shared Buddhist heritage and common belief in ideals of democracy sustain both our countries’ cordial relations and engagement. The construction of the 1.5MMT oil refinery project with Indian assistance is a shining example of our friendship.”“Happy to share that, on Mongolian request, India has announced an additional $236mn line of credit to Mongolia beyond the committed $1bn. I am glad that the Engineers India Ltd, public sector undertaking of the Ministry of Petroleum and Natural Gas, is providing project management consultancy services for this prestigious refinery project in Mongolia.”
“On completion of the project, it will meet about three-fourth of Mongolian requirement of oil. India would be happy to partner with Mongolia to develop its infrastructure as per the priorities decided by the people and government of Mongolia. India remains committed to working with the government and people of Mongolia to further strengthen our strategic partnership for mutual prosperity.”For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.