Mongolian
On November 1, Prime Minister G.Zandanshatar inspected the ongoing construction of Mongolia’s oil refinery in Dornogovi Province, announcing significant progress on the landmark project. The refinery, which was only 20 percent complete in June, has now surpassed 50 percent completion.
Since assuming office, Prime Minister G.Zandanshatar has prioritized the refinery as a strategic economic project, accelerating work with the aim of putting the facility into operation ahead of schedule, as early as next year.
The refinery project, financed through a USD 1.7 billion loan from the Export-Import Bank of India, consists of four development packages. The first phase was completed in 2024. Remaining packages, including the construction of a thermal power plant and technological facilities, are currently underway. Meanwhile, the 527-km crude oil pipeline that will feed the plant is 89.4 percent complete.
According to the official timeline, the construction of the refinery is scheduled for completion in December 2027, with commissioning planned for 2028. However, optimism for early commissioning remains high.
The project is expected to cover 50–100 percent of Mongolia’s domestic fuel demand, marking a major step toward energy independence. Additionally, the refinery will create approximately 1,500 new jobs and contribute significantly to the country’s industrial and economic development.
