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Hyderabad-based Megha Engineering and Infrastructure Restricted (MEIL) has taken up a undertaking to construct Mongolia’s first Greenfield oil refinery on the outskirts of the capital metropolis, Ulaanbaatar. The undertaking is geared toward lowering the East Asian nation’s dependency on Russian oil imports. The corporate would offer EPC (Engineering, procurement, and development) companies and EPC-3 (captive energy vegetation) for $790 million utilizing superior expertise.
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Hyderabad’s Megha Ltd to Construct Mongolia’s First Greenfield Oil Refinery- Key Factors
- The undertaking is part of the event partnership administration initiative of India’s Ministry of Exterior Affairs.
- The refinery could be constructed utilizing a line of credit score from the central authorities.
- Engineers India Restricted is the undertaking administration marketing consultant for this G2G partnership undertaking.
- The refinery will open up a lot of employment alternatives, supporting the expansion of practically small industries.
- This downstream undertaking is of monumental significance and marks a vital turning level within the relationship between India and Mongolia.
- The undertaking will deliver financial prosperity and vitality independence to Mongolia.
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