ID :
187471
Thu, 06/09/2011 - 14:09
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http://m.oananews.org//node/187471
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D.DEMBEREL MEETS JAPANESE DELEGATION TO TALK ABOUT OIL REFINERY
Ulaanbaatar, Mongolia, /MONTSAME/ The Speaker D.Demberel received Thursday Ryuichi Kaga, a Resident Executive Officer at Japan Bank for International Cooperation (JBIC) and officials of the “Marubeni” and “Toyo Engineering” Corporations.
They have shared views on a project on constructing an oil refinery in Darkhan-Uul aimag. Mr. Kaga has said the JBIC, experienced in implementing investments projects, is ready to render a support to Mongolia in realize the project on erecting the oil refinery in Darkhan-Uul. Before this, in 2008, the JBIC expressed a willingness to help Mongolia to draw up a technical and economic justification for the oil refinery.
“Our bank has many advantages, for example, it can give biggest financing, its credit period is long, the interest requires less terms against other requirements at the market,” Mr. Kaga has said.
He has emphasized an importance of clarifying right receivers of loans because the financing will be made under a guarantee from Mongolia's government. He has said the JBIC may also implement projects on developing communications by using satellites and processing coal in Mongolia.
In turn, the Speaker has said that a willingness of the bank to invest is an expression of our countries' friendly ties and thanked the Japanese side. He has said the State Great Khural and the government are aiming to provide the domestic needs with oil products by erecting own oil refinery and by processing crude oil imported. “Working out the technical and economic justification is approaching to end, and the construction may start in the nearest future,” he has stressed, adding the matter has been tackled in principle on a cabinet guarantee of the capital for constructing the refinery.
A vice president of the “Toyo Engineering” Corporation Mr. Kakuma Hatano has thanked the Speaker for appreciating the project. He has underlined the corporation has realized many projects in Japan and abroad by using the latest high technologies. He has said the project has a vital importance in developing the industrial sector in Mongolia, and that when the finances are resolved, the Corporation will also be ready to prepare trained specialists.
A great work will start this year to erect the oil refinery with capability of processing 44 thousand barrels of oil a day. Both Mongolian and Japanese state and private companies will take part in it. It is planned to put into use the refinery in three years. Financing for the refinery to be erected with USD 600 million will be allotted from the JBIC under Mongolian government's guarantee.
B.Khuder
They have shared views on a project on constructing an oil refinery in Darkhan-Uul aimag. Mr. Kaga has said the JBIC, experienced in implementing investments projects, is ready to render a support to Mongolia in realize the project on erecting the oil refinery in Darkhan-Uul. Before this, in 2008, the JBIC expressed a willingness to help Mongolia to draw up a technical and economic justification for the oil refinery.
“Our bank has many advantages, for example, it can give biggest financing, its credit period is long, the interest requires less terms against other requirements at the market,” Mr. Kaga has said.
He has emphasized an importance of clarifying right receivers of loans because the financing will be made under a guarantee from Mongolia's government. He has said the JBIC may also implement projects on developing communications by using satellites and processing coal in Mongolia.
In turn, the Speaker has said that a willingness of the bank to invest is an expression of our countries' friendly ties and thanked the Japanese side. He has said the State Great Khural and the government are aiming to provide the domestic needs with oil products by erecting own oil refinery and by processing crude oil imported. “Working out the technical and economic justification is approaching to end, and the construction may start in the nearest future,” he has stressed, adding the matter has been tackled in principle on a cabinet guarantee of the capital for constructing the refinery.
A vice president of the “Toyo Engineering” Corporation Mr. Kakuma Hatano has thanked the Speaker for appreciating the project. He has underlined the corporation has realized many projects in Japan and abroad by using the latest high technologies. He has said the project has a vital importance in developing the industrial sector in Mongolia, and that when the finances are resolved, the Corporation will also be ready to prepare trained specialists.
A great work will start this year to erect the oil refinery with capability of processing 44 thousand barrels of oil a day. Both Mongolian and Japanese state and private companies will take part in it. It is planned to put into use the refinery in three years. Financing for the refinery to be erected with USD 600 million will be allotted from the JBIC under Mongolian government's guarantee.
B.Khuder
