1 MONGOLIA BANS BURNING LOW-GRADE COAL FOR DOMESTIC USE IN CAPITAL WWW.XINNHUANET.COM PUBLISHED:2019/05/16      2 KAISUN HOLDINGS AND CHINA RAILWAY ENGINEERING CONSTRUCTION MONGOLIA SIGNED AGREEMENT FOR CONSTRUCTION ON MONGOLIA CHOIR RAILWAY PLATFORM, OPENING UP LOGISTICS ALONG CHINA, MONGOLIA AND RUSSIA WWW.FINANCE.YAHOO.COM  PUBLISHED:2019/05/16      3 MONGOLIAN BOXERS TO TRAIN IN JAPAN FOR 2020 OLYMPICS WWW.OCASIA.ORG PUBLISHED:2019/05/16      4 MONGOLIA’S GDP RISES 8.6 PERCENT IN Q1 WWW.ZGM.MN PUBLISHED:2019/05/16      5 FOUNTAIN DESIGN CONTEST FOR SUKHBAATAR SQUARE STARTS TODAY! WWW.NEWS.MN PUBLISHED:2019/05/16      6 MONGOLIA-SINGAPORE BUSINESS FORUM TO BE HELD IN SINGAPORE WWW.MONTSAME.MN PUBLISHED:2019/05/16      7 RUSSIA & CHINA TO INK DEAL FOR CONSTRUCTION OF TWO NUCLEAR REACTORS WWW.RT.COM PUBLISHED:2019/05/16      8 IVANHOE MINES SECURES FULL FINANCING FOR FIRST TWO MINES IN CONGO WWW.MINING.COM PUBLISHED:2019/05/16      9 INDIA EXTENDS $1 BILLION CREDIT TO MONGOLIA FOR ITS FIRST REFINERY WWW.PENNEWS.NET PUBLISHED:2019/05/15      10 MINING INCOME UP BY 41.2 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/05/15      “МИАТ”, “ЭРДЭНЭС ТАВАН ТОЛГОЙ”-Д ЗАСАГЛАЛЫН ҮНЭЛГЭЭ ХИЙНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/05/17     ӨРХИЙН ОРЛОГО 2018 ОНЫХООС 45,000 ТӨГРӨГӨӨР НЭМЭГДСЭН Ч ЗАРЛАГА 165,100 ТӨГРӨГӨӨР ӨСЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/05/16     ГАЗРЫН ТОС БОЛОВСРУУЛАХ ҮЙЛДВЭРИЙН ТӨСӨЛ ШАТ АХИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/05/16     ЭДИЙН ЗАСГИЙН ӨСӨЛТ СҮҮЛИЙН ТАВАН ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЧ, 8.6% ӨСӨВ WWW.IKON.MN НИЙТЭЛСЭН:2019/05/16     ҮНИЙН ӨСӨЛТ ӨРХИЙН САРЫН ОРЛОГЫН ӨСӨЛТИЙГ 72.1 МЯНГАН ТӨГРӨГӨӨР БУУРУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/05/16     ХАВРЫН ТАРИАЛАЛТ 8.7 ХУВЬТАЙ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/05/16     ОНЫ ЭХНИЙ 4 САРД ТӨСВИЙН ТЭНЦВЭРЖҮҮЛСЭН ТЭНЦЭЛ 286.5 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/05/16     ИНФЛЯЦ 7.8%-Д ХҮРЭХЭД МАХНЫ ҮНИЙН ӨСӨЛТ ГОЛЛОН НӨЛӨӨЛӨВ WWW.IKON.MN НИЙТЭЛСЭН:2019/05/16     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ САЙН БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2019/05/16     МОНГОЛЫН БИЧИЛ УУРХАЙН АСУУДЛЫГ ПАРИСТ ТАНИЛЦУУЛЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/05/15    

India extends $1 billion credit to Mongolia for its first refinery www.pennews.net

New Delhi, May 14: India has extended a $1 billion Line of Credit to Mongolia to help set up its first ever grass-root refinery in Sainshand, Dornogobi province.The funding has been provided through the Exim Bank. Prime Minister Narendra Modi during his visit to Ulan Bator in 2015 had announced a credit line of $1 billion for infrastructure sector in Mongolia. This is currently being utilised by Mongolia to build the oil refinery.

The1.5 MMTPA refinery is expected to be completed by 2022.Ties between India and Mongolia date back centuries with Buddhism seen as a major binding factor between the two countries. In recent years, the two countries have set up mechanisms like the India-Mongolia Joint Working Group for Defence and the “India-Mongolia Joint Committee on Cooperation (IMJCC)" chaired at ministerial level besides others to cement cooperation.

“For Mongolians, India is one of counter-weights to their neighbours (Russia and China), a 'spiritual neighbour,' a declared third neighbour and strategic partner and centre for pilgrimage," says a Ministry of External Affairs background note on bilateral ties.

In April last year, during External Affairs Minister Sushma Swaraj's visit to the country, it was agreed to intensify cooperation in energy, trade and economy, IT, healthcare, animal husbandry, infrastructure development and other developmental sectors. (UNI)



Published Date:2019-05-15