At its regular session, the Cabinet approved amendments to the Engineering, Procurement, and Construction (EPC) contracts for the Oil Refinery Project being implemented in Altanshiree soum of Dornogobi aimag with a concessional loan from the Government of India. The amendments concern only technical and process-related matters and do not affect the contract price for the Crude Distillation Unit (CDU), Vacuum Distillation Unit (VDU), and storage tanks (MEIL, EPC 02), or the Captive Power Plant (EPC 03).

The Oil Refinery Project is being carried out in four EPC packages.

Work under the EPC 01 package was completed in 2024, and the related facilities have already been commissioned.
Orders for equipment under EPC 02, EPC 03, and EPC 04 packages have been placed, and machinery, equipment, and components manufactured in India and other countries have arrived at the refinery site. Construction and installation works are currently underway.
Construction and installation of the main technological, auxiliary, and support facilities included in EPC 02 are planned to be completed in 2026.
EPC 03, which covers the refinery’s thermal power plant, has reached 44.4% completion in engineering, procurement, and construction works.

Published Date:2026-05-14