A bill on Supporting the Oil Refinery is submitted

  2021-01-21 10:53  111

On January 20, 2021, Deputy Prime Minister of Mongolia Ya.Sodbaatar submitted a bill on Supporting the Oil Refinery to G.Zandanshatar, Speaker of the State Great Hural (Parliament) of Mongolia.

The Government of Mongolia has set a goal to build an oil refinery in its Action Plan for 2016-2020 and to implement the “Building an oil refinery” project.

Currently, an industrial engineering and blueprint are underway, and the selection of license holders for technological facilities is also being carried out. And contract has been signed to commence the facilty construction works. The refinery will have 12 main facilities, 7 of which are patented technology, where the world leading petrochemical companies such as Axens, Technip, UOP, Halder Topsoe, Shell and Kinetics Technology are involved to bidding for the facilities.

This is the first complete oil refinery to be built in Mongolia, therefore foreign engineers and technicians are needed in the construction of the plant, and according to preliminary estimates, 1,000 engineers, technicians and assistants will be employed during the construction work in 2021, 5,000 in 2022, 8,000 in 2023 and 7,000 in 2024. Therefore, the bill provides for the immediate issuance of work permits for foreign workers and employment in Mongolia as reflected in the draft.

With the approval of the project, the refinery would be commissioned on time, value-added products would be produced, investment costs would be recouped in a short period of time, and loan repayments would be also repaid on time.

In 2018-2019, 27 km of railroad infrastructure, 18.2 km of power transmission lines and 17.5 km of heavy-duty roads were built and put into operation by the decision of the Government of Mongolia. Also, the construction of “Petroleum town” with 10 blocks for 550 inhabitants has been started in Sainshand, Dornogovi aimag, say bill initiators.

Press and Public Relations Department of the State Great Hural

  2021-01-21 10:50  111