Indian leading companies introducing their products and services www.montsame.mn
Ulaanbaatar /MONTSAME/ India-Mongolia Oil and Gas Exhibition yesterday opened at Buyant Ukhaa Sport Palace. Present at the opening ceremony were Cabinet Secretariat of the Government L.Oyun-Erdene, Minister of Foreign Affairs D.Tsogtbaatar, MP L.Bold and representatives of some Embassies in Mongolia.
The Embassy of India in Mongolia, the Ministry of Mining and Heavy Industry of Mongolia, the Mongolian Oil Refinery state-owned company and Engineers India Limited Company are jointly organizing the exhibition in connection with the construction of the first ever oil refinery in Mongolia being built with over USD 1 billion soft loan from the Indian Government.
“In 2018, the Government of Mongolia commenced infrastructure construction works of the oil refinery and the works are running with fulfillment of over 90 percent now. We have already received comprehensive feasibility study of the project and now working on establishing a contract with the Indian company that was selected as the project management advisor. By contracting with the advisor, works on formulating blueprint of the oil refinery and its construction will begin immediately. The oil refinery has significant importance to the society and economy of Mongolia and I believe that the project will strengthen friendly ties of the two countries more,” Minister of Mining and Heavy Industry D.Sumiyabazar said.
More than 30 Indian public and private largest companies such as Tata group, Afkons Limited, ISGEC Industry and Engineers India Limited are participating in the exhibition.
Director of Tema India Company Rajesh Kulkarni said " Our company is receiving orders for supplying heat exchanger tubes for aluminum processing industries and mining industries. The heat exchanger tubes are needed for the oil refinery to be built in Mongolia. I came to Mongolia to establish partnership with partners and purchasers for supplying low cost and effective products.
The exhibition will close today.