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MEIL to build 1st Greenfield Refinery in Mongolia

Published on November 05, 2022
Current Context: The Megha Engineering and Infrastructures Limited (MEIL) will build Mongolia’s first green-field oil refinery.
MEIL to build 1st Greenfield Refinery in Mongolia
  • MEIL received a Letter of Authorization (LoA) from the Mongol Refinery Project to build the refinery on the outskirts of the capital of Mongolia, Ulaanbaatar.
  • The primary objective of this green-field project is to reduce Mongolia’s oil imports from Russia.
  • The project will cost USD 790 million for which MEIL will build Engineering, Procurement, and Construction (EPC)-2 and EPC-3 models.
  • The Project Management Consultant for this project is Engineers India Limited (EIL).
  • After its completion, the oil refinery is expected to process 30,000 barrels of crude oil per day.
  • The Mongol Refinery Project is a part of the Development Partnership Administration (DPA) initiative under the aegis of the Ministry of External Affairs (MEA).
  • MEIL is an infrastructural company that was established in 1989 with its headquarters in Hyderabad, Telangana.

Question:

Q.1 Which company will build Mongolia’s first green-field oil refinery?
a. Larsen & Toubro Infrastructure Development Projects Limited
b. Megha Engineering & Infrastructures Limited
c. Reliance Infrastructure Limited
d. Hindustan Construction Company
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