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EIL signs pact for 1.5 mt refinery in Mongolia

Press Trust of India  |  New Delhi 

State-owned Ltd (EIL) Wednesday said it has signed an agreement to provide project management consultancy for a new 1.5 million tonne refinery being set up in

The pact was signed with Mongol Refinery State Owned LLC, the company said in a statement here.

The contract was signed in the presence of D Sumyaabazar, of Mining and Heavy Industry of

had extended a USD 1 billion (about Rs 7,000 crore) line of credit to during the visit of Prime in 2015.

The is in the process to set up 1.5 million tonne per in province, under the line of credit extended by

had carried out a Detailed Feasibility Study for the project and was subsequently pre-qualified and shortlisted for providing to Mongol Refinery for the project.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 16:36 IST