OIL REFINERY TO BE BUILT

Ulaanbaatar, Mongolia /MONTSAME/ Technical and economical justification for project on oil refinery with capacity processing 44 thousand barrel of crude oil a day to be built in Darkhan-Uul aimag has finished and its construction work will start this year. Representatives of Mongolia and Japan are going to hold a meeting on June 13, in Ulaanbaatar to discuss issues including financial resource, construction work, to sign relevant contracts. The project to be implemented with participation of governments of the two countries and private companies will last three years. The project worth of 600 million US dollars will be financed by the International cooperation bank of Japan government under the guarantee of the Government of Mongolia B.Oyundelger