Ulaanbaatar, June 24 : External Affairs Minister S. Jaishankar on Tuesday visited the construction site of the USD 1.7 billion India-funded Mongol Oil Refinery Project in Mongolia and reviewed the progress of the landmark initiative aimed at strengthening bilateral ties.
Accompanied by Mongolian Foreign Minister Battsetseg Batmunkh and Industry and Mining Minister Gongor Damdinnyam, Jaishankar assessed the status of ongoing works and described the project as a symbol of India-Mongolia friendship.
The External Affairs Minister also interacted with Indian and Mongolian workers at the site and appreciated their dedication in executing the project under challenging conditions.
Implemented through a USD 1.7 billion Line of Credit extended by India, the refinery project is regarded as a flagship initiative and an important part of Mongolia’s strategy for achieving sustainable energy security. Jaishankar is currently in Mongolia on the first leg of his two-nation visit.
