Mongol Refinery
History
The feasibility study to establish the refinery was approved by the Ministry of Mining and Heavy Industry on 15 November 2018. In October 2020, the engineering, procurement, and construction contract was signed with JMC Projects India. In January 2021, the groundbreaking work was held. The refinery is planned to be commissioned in 2026.
Architecture
The refinery will consist of three modules, which are EPC 2, EPC 3 and EPC 4. EPC 2 will consist of an integrated crude distillation unit, vacuum distillation unit and saturated gas plant. EPC 3 will consist of captive power plant. EPC 4 will consist of various units, plant buildings, satellite rack rooms and substation.
Technical specifications
Once completed, the refinery will have an annual petroleum processing capacity of 1.5 million tons. The refinery will be connected to two oil wells of Toson Uul XIX and Tamsag XXI by a 530-km underground pipeline.
Finance
The refinery will cost around US$1.698 billion. The funds will be provided by the Exim Bank of India under loan agreement with a total repayment period of 20 years and 1.75% annual interest rate.
See also
References
- ^ A., Munkhzul (23 May 2022). "Oil refinery construction project: Mongolia to no longer be dependent on gasoline imports". Mongolian National News Agency. Retrieved 5 January 2025.
- ^ "Mongolia's India-assisted refinery on track for 2026 launch: Ambassador". Business Standard. 12 February 2024. Retrieved 5 January 2025.
- ^ "Mongolia Oil Refinery Plant". Meil. Retrieved 15 January 2025.
- ^ B., Ooluun (14 January 2025). "Additional Loan Agreement for Mongolian Oil Refinery under Discussion". Mongolian National News Agency. Retrieved 15 January 2025.
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