On September 30, Ambassador Extraordinary and Plenipotentiary of India to Mongolia M.P. Singh delivered a report on the recent state visit paid by the President of Mongolia Kh.Battulga to India. At the beginning of the report, he expressed his satisfaction with the visit, during which the two countries agreed to strengthen the Strategic Partnership between Mongolia and India.
“In the course of the state visit, which settled a number of issues concerning bilateral cooperation between Mongolia and India, India received and approved the request forwarded by the Government of Mongolia to issue additional loan of USD 236 million for the oil refinery project, which is currently being implemented with the USD 1 billion loan from the Indian Government” the Indian Ambassador underlined.
~On September 30, Indian Ambassador reports results of Mongolian President’s state visit to India~
He further remarked the decision to train Mongolian engineer and technical employees under the scholarship of the Indian Government within the framework of the project, which is deemed as a major contribution to the Mongolian energy security and economic growth.
When asked about his knowledge on the development of the oil refinery project in Dornogobi aimag, the Ambassador said, „I have visited the construction site twice to review the development progress. The infrastructure works are more than 90 percent complete and I am confident that development project will conclude on time”. “India’s Minister of Petroleum is set to visit Mongolia in the near future and will get acquainted with the development of the oil refinery“ he added.
